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Long

GSK Range bound for now....but price wants up!

NYSE:GSK   GLAXOSMITHKLINE PLC
36 0 1
notes on chart. GSK             bearish trend for a long time now. Looks like it is ready to make some movements higher.
Risk is high because it has been consolidating for a long time. --Not to long or short until further confirmation how price will react at downtrend line is very critical. could have a nice spike up.
Comment: after reviewing market movement one could advice not to hold long in this position starting mid April going into May. We could see a potential double bottom blast off. sell high buy low. I will be selling a small position I have later this week.
Comment: price is now in yellow box a beak out would be confirmation of next fibo target higher.
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