SelectedAlpha

Glaxosmithkline testing golden resistance level 1431.5

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LSE:GSK   GLAXOSMITHKLINE PLC ORD 25P
Glaxosmithkline ($GSK) testing the golden resistance level 1431.5 standing outside of the upper daily Bollinger Band . This level previously reversed Glaxosmithkline down in December of 2020 and in January of this year. Selected Alpha ranks the reversal factor of this resistance level 25 points – making it the strongest golden tracked by the system at the moment. With both the daily RSI and the daily Stochastic in the overbought territory – expect the downard correction from the resistance level 1431.5.