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.
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.