GSK - how low is this going?

screencast.com/t/wvLlObEvy

Well applying a fib extension to the latest A B gave a C at 1347.50. The low on Friday was 1348.00. The closing price was well in advance of that at 1361.50, so there was obviously some buying to get up off the low. The RSI is showing over-sold at 27.797. This has to be a buy, not sure at what level. I will wait to see what happens tomorrow but wuld be interested to hear the views of Jackozy and TS

trend line and200 ma around the 1250 mark...

also this has a weekly bearish divergence already in play + a breakdown out of the trading range which was in play for some time.

any humble and thought provoking comments on how low this could potentially go?

dl.dropbox.com/u/4385922/GSK.png