GLAXOSMITHKLINE PHARMA LTD
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Breakout of descending triangle pattern

Glaxo has BO'd from triangle pattern...it has been falling since some time, and IF IT CROSSES THE 200 EMA with good volumes in coming days, then i would take a position, not before that...because it could hit the 200EMA and slide down again. This is an idea, not a recommendation...remember the broader market has been falling too since a few days so be cautious.
הערה
Glaxo opened above 200 EMA..is up 5% today
הערה
Glaxo is moving up steadily..target 1 achieved..
הערה
Close to target 2...13.4% move already...1515 to 1730..moved 5% today
הערה
All targets done..today it has moved almost 10%...CMP 1772

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