GILD trade ideas
GILD long at 73the last leg up looks like 5 waves off a double bottom
this last move down looks corrective
i think the 73 price and 61.8% is a good place to take a long
what you all think, FF
if you find this good info let me know, FF
$70 holds for now...(GILD)The 70 level is holding for now...
Will need to brush up on the fundamentals, I like the R/R from these levels. If you have any insights, please leave in comments section below.
Thanks
$GILD weekly falling wedgeIgnoring the failed breakout attempt from April 2016, this chart looks like a falling wedge. As long as it stays above $68.50 - $69 mark it is constructive.
BUY Gilead Sciences on a close above 72.50A close above the low from October this year and the psychological number of 72.50 could trigger more bulls to support this heavily undervalued stock (P/E ratio <7). The Short term TARGET will be the 79 levels where a well respected long-term s/r level might stop the momentum for a while. Next target is the 85-86 area where some (already closed) gaps, historic lows and a trendline come into play. Place your STOPS near 72, right below the 50% retracement of the major uptrend's last wave (see image below).
Multiple +ive patterns1 trend retest
2 trend-based fibo. bounce zone
3 possible three bottoms (Super Pattern)
GILD RESISTANCE ZONE ACCUMULATION PHASE / WAVE 2 MOVEAt a resistance zone, waiting for accumulation or a bullish candle into Wave 3 move to BUY. If breakdown resistance 71.33 will continue the move to the lower resistance zone 68.00.
Gild Tight RangeGetting close to a decision needing to be made either up or down. Certainly looking good for a run upward.
P&F DOUBLE BOTTOM BREAKOUT on #GILDThe stock has broken previous support levels and should trade lower over the near term. GILD's chart formation indicates the stock is in a strong downward trend. Momentum, as measured by the 9-day RSI, is negative.
GILD: 2nd try at the long side hereGILD looks poised for a rally back to the earnings level above. Valuation is very good here, with 14% earnings yield, among other details of the company's financials.
You can go long, the risk is risk a 3.86 per share, but profit can reach 2.61 times the risk, or more if it's the start of a trend reversal in the stock.
IBB has flashed a bottom, after a 'Time at mode' decline in the daily chart ran out of time, so I think it's safe to assume that GILD will rally from here onwards.
Good luck!
Ivan Labrie.
GILD: Tight stop loss long opportunityEnter longs in GILD at market here, risking a drop under 76.67 seems like a good trade, considering the company's fundamentals, and the daily and weekly technical landscape.
A rally back to 84.59 is in the cards.
Risk 0.5% on this trade.
Good luck!
Ivan Labrie.
