GILD: No such thing as Double Bottoms? Im a Rookie so dont hate
Updated
On weekly chart seeing a trend line from the high as strong resistance and has 2 touches and looks like might be a 3rd to confirm it. Also, on TD the count is on 8 which means we should see a slow down which gives me more faith in the trend line. The Daily on the TD is on a corrective sate completing a 9 and into couple days of correction so i think it coincides with the weekly, we should see another 9 days of up and then should run into the weekly 9 and then another correction.
My thoughts is it touches the trend @ 78.60 ish goes down to test support 64 and then a decision is made if it holds or breaks.
My thoughts is it touches the trend @ 78.60 ish goes down to test support 64 and then a decision is made if it holds or breaks.
Note
Crazy how this has followed the trend...be interesting to see it complete
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.