SelectedAlpha

Glaxosmithkline testing golden resistance level 1431.5

Short
LSE:GSK   GSK PLC ORD GBP0.3125
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.
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