GKP

time for another look at this.

A simple chart, clearly showing how the 15 and 20 moving averages are a barrier here.
If a stock is unable to break even the 15 and 20 day moving ave's, there's nothing bullish about it at all.
uk.advfn.com/p.php?pid=chartscreenshotsh...RGBA=&symbol=L%5EGKP

We do have a bullsh falling wedge in play, normally you would lean towards the bullish side with this formation, but this is GKP. It has not respected any bullish technical patterns since the heady heights of £4+


F4T, yes agreed, nothing wrong with changing my mind, only i'am some way off actually doing that!!
Regards,
trendfriend

Hi F4T,

Do you using the ADVFN charts for your trading or is that just for illustration purposes?

Thanks
Amo

Hi Amo, yes I do. They are precise enough for my trading.

Hi F4T

We have hit 77p this morning. Is that a break of the triangle?

I'm wondering too… does breaking the triangle intraday indicate an entry or best to wait for a close of 75.5 or above?

validation always comes with a finish above the breakout point...Prices should stay above the breakout point for more than 2 days atleast