Glaxo: Rising Stronger

GlaxoSmithKline Pakistan Limited (GLAXO) appears to be forming a major consolidation pattern on the weekly timeframe, with the structure forming higher highs and higher lows.

On the daily timeframe, GLAXO is hovering around a strong accumulation zone

Accumulate from 407- 389

For the short term, the profit-taking area is between 415, 420, and 430.

For long-term investors, the targets are 450- 480- 520 and 550.

If the price closes below 375 on the daily time frame, the bullish trend could be disrupted

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →