GSK — 5th week of decline, technical bounce underway
GSK plc: decline losing momentum, but technical picture stays negative
GSK — 5th week of decline, technical bounce underway
In Summary
GSK plc is in its 5th week of a sell signal on the London Stock Exchange. This week the stock closed up 3% with buy volume at 99%, reversing from the prior week's sharp selling pressure. The bounce is real, but the main technical indicators remain in negative territory: the decline is losing momentum without the structure having reversed.
IQS Phase
51
ordinary
Signal Strength
6
indecisive week
Sizing
MINIMUM
Ranking
#41 / 54
EU-UK stocks
Trade P&L %
-1.95%
from signal to today
restricted Platinum content