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.
Note
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.Note
price is now in yellow box a beak out would be confirmation of next fibo target higher.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.