Tuesday, October 10, 2006

GSK PHARMA 1223.10
HOVERING JUST ABOVE 200DMA




This stock made a great rally from the low of 965 and made high of 1303 which is the 61.8% retrace of the fall from 1551 to 891 levels. Since reaching 1303 this stock is just consolidating just above its 200dma currnetly placed at 1225 anything below this it'll take the support at 1143. And the resistence placed at 1410 and then 52 week high of 1551.