koolkeith post this on gkp ref SAC9 May 2013 19:43
Broke out of a descending wedge three days ago, but also broke above resistance plotted from October 2012 high, Feb 2013 high and high on 10th April 2013, yesterday so pretty strong move, the last three days. Needs to get above 200 day ma which acted as resistance today to achieve short term target 2.49/2.5p - Could be forming flagpole of potential bullflag/pennant, but too early to say, so maybe some consolidation first. If it does play out this way then 3.5p could be next target, after period of consolidation. I know nothing about this stock, just had a quick glance, closes above 200 day ma(running about 2.28p) will be the key. Any pullback/backtest of trendline running across previous highs around 1.93 would/could be a buy. GL.