from Ebola treatment to quick remedy for Corona truly a mission worth funding and risking on
We maybe have finished movement inside this monthly downward channel, which looks like a corrective channel for previous bullish impulse. Chances are we will go north from here. But if price will brake this channel downwards it may as well become ugly, and there is no support levels, I guess? Anyway, now GILD highly tightened to SNP and thus electional uncertainty.
I don't actually like Gilead Sciences for a long-term buy and hold, because its earnings have been in a long-term downtrend. There's a case to be made for a swing trade, however. Gilead is now sitting on trend line support in a fairly high-volume range. It's about 25% below its median forward P/E and forward P/S for the last three years. It has been selling off on...
Hearing chatter down the grape vine about Remdesivir again, watch for the bounce back-up on GILD. This was just trading in the $80 dollar range so keep an eye out for that move on the news.
GILD has seen positive price action YTD; due to combatting the COVID-19 with their drug Remdesivir. Yesterday on the news, the trial on humans which was set in China to prove the effectivity of the drug, apparently "failed". However... The price just took us to the lower part of the channel , meaning the Risk-Reward-Ratio is at a good stance. A close below...
Trade Plan for Gilead Sciences. Will look to enter at bottom of uptrend channel (75.3) , Stop Loss once uptrend broken (74). Target Price at 86. Potential Price at 96. Personally will take profit at resistances as insurance. Upside for Gilead: 1a) Possible treatment for Covid-19 (Remdesivir) 1b) Possible 2nd wave of virus 2) Possible FDA approval of Arthritis...
Please click like and follow me if you like my post. Much appreciated! SPX has been going on a W ride for a while and is currently only down around 15 percent from its mid Feb high, putting it in the midpoint of the correction and recession phase. If this trend continues on, it is safe to expect that SPX will more likely to challenge its mid Feb high than...
Been doing research on the progress of a coronavirus cure and severity of the outbreak. My intention was never to look for companies to invest in, I was genuinely curious about the state of the world. I came across an article (replace parenthesis with period): www() bloomberg()...