GSK Trade on Nov 14, 2014 09:30 from thelim3y: Tradervue User Stock Trades.

Longer term swing trade/fundamentals trade. UK seems to be doing better than the avg EU zone. GSK has some things in the pipeline, and assuming an eventual EU recovery should be able to push back towards and through the $50 zone.

Rejected lower prices from prior support/consolidation area and is currently consolidating for another move (imo higher). My initial target is $48 and I will be looking to take off the position if it looks like it is being rejected.

I'll add (x2) to the position on satisfactory clearance of the $48(ish) level.

Desired profit taking area is $50 - $52. I'll be leaving 75% of the position to just ride with a stop set using market structure on the daily. Ultimate target is mid $50s and a break out. If this happens it will become a new trade with new position sizing.

I am wrong below monthly low and will closely watch for another potential entry, preferably in the $35 to $40 zone. Below $35 warrants a complete re-evaluation.

If the position happens to move (either way) I may adjust slightly and/or trade around the core using options (I typically prefer short term scalp trades and these can help add a buffer or reduce losses).

Decent dividend helps.