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GLAXOSMITHKLINE PAKISTAN LIMITEDGLAXOSMITHKLINE PAKISTAN LIMITEDGLAXOSMITHKLINE PAKISTAN LIMITED

GLAXOSMITHKLINE PAKISTAN LIMITED

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GLAXO trade ideas

GLAXO | More uptrend or reverse?The price action of GLAXO is currently in an uptrend. Recently, it broke through its trend line resistance and, according to the Impulse-Correction-Impulse (ICI) strategy, has since pulled back after retesting the breakout level. This retest has established dynamic support at the previous trend line resistance. The price is now hovering above the resistance level of 173.58, which is acting as initial support. The next resistance level is anticipated around 202.29. The Relative Strength Index (RSI) is currently at a level of 81 which indicates the stock is at overbought level. While MACD hovering above the neutral line.
PSX:GLAXOLong
by mbaberhanif
PSX: GLAXO HAS IT HIT THE BOTTOM ROCK.The Script has been striving to find the solid ground to lay the foundation of it north bound journey. These efforts started with the start of 2023. This consolidation period seems to be completed soon because on daily RSI chart the script has successfully found the support at RSI 50 after getting price rejection at Rs.82. On weekly charts the the RSI has been showing bullish divergence frequently since the beginning of this year. Since the volumes and price bar has positive outlook we can take immediate position and the Dow followers can wait to crossover the Rs.85.90 price level. Potential TPs are at resistance levels.
PSX:GLAXOLong
by usufgul