GILEAD upward channelNASDAQ:GILD
- #GILD exit the bearish channel at the end of December 2021
- Series of higher highs and higher lows since January 2021
- Lower end of the channel coincides with the 50MA
- MACD sloping up
- RSI at good level
Buy price at USD 64.55
1st TP at USD 68.00
2nd TP at USD 72.00
SL at 61.00
GIS trade ideas
GILD not looking goodThis is Gilead Sciences weekly chart. It's been on a very long term down trend. This year's breakout of the recent trend line doesn't signify much as it is halted by the 50 moving average. It is holding at 64-65 support level. Using the Stoch RSI as a cycle guide, it might have an up cycle but a weak one. It might go up to 66-68 level before heading down. If it does, then it has formed a Head & Shoulders pattern (sort of) on the Daily chart. We can look to enter when there's any reversal candle or chart pattern on the 60min chart.
Target profit 1 will be 62 level i.e. 20 moving average. It might rebound seeing this level is also a support.
It could also go straight to target profit 2 which is 57-58 level. If it does bounce at 62 level and back to 64 resistance level, then we can look to short again if price action still shows weakness.
We will revisit again once this move is completed as it seems like 57-58 level might prove to be a turning point for GILD.
If you have any symbols from any market that you would like me to analyze, just let me know and I'll be happy to do it for you.
Gilead ST (Feb 4th 2021)Gilead (GILD) (February 4th 2021 through March 17th 2021)
Low: $63.74 - $64.15
High: $75 - $82 - $87
2020 Q4 reports are announced after market close today.
My expectations and speculations are as follows:
Year-ahead guidance to be positive.
EPS might not outperform the $2.04 analyst expectations.
I believe trading will still close positive tomorrow from the close of today. Trading today may close slightly negative.
I understand Gilead has some huge partnerships that will be working on a cure for HIV soon, or maybe has already started R&D in some aspects. I think even if the next immediate months are not bullish, I can definitely see a reason to be bullish in the long run.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
GILD is soooo frustrating ..... :(I don't know what's the deal with GILD and it's driving me crazy
- the price keeps teasing my breakeven :) -- only to bounce back down
- i was finally getting optimistic, thinking the curse have been lifted.. (see linked post) - not so sure now
- the sentiment went back into negative territory, so did the short term momentum (check the UTO indicator)
- Buy/Sell is in the "supply" zone (V.Viewer) -- or rather neutral with "no conviction"? -- we're in limbo mode with GILD for so long now.
i wanted to try and sell some Covered Call against my long position into the earnings, and leverage the (earning's) volatility to improve my BE - i can't even get a good price to sell at a strike equal to or slightly above my BE .... also volatility is so low for "earning times" - so no room to have a good play there.. Grrrrr!!!
should i give it more time or just give up on it ? and close it at a loss .. now i see couple of good recent moves in what seems to be attempts to finally bottom and break up - but it's just taking tooo long !
any thoughts from GILD experts?
GILD - The Sleeping Giant - Trend ReversalGILD - The Sleeping Giant - Trend Reversal
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ENTRY = 56.56 Double Bottom - +64 confirmation
1st Target = .236fib@72.33
2nd Target = .382fib@82.08
3rd Target = .5fib@89.97
HOLD Target = .618@97.85+
JAN22 Call Leaps Still cheap
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
GILD double bottom on daily, Broke Down Trend, New HEPB Trials $Gild on 1/12 announced a partnership for a phase 2 trial on a new HEP B cure. It also got an upgrade on Jan 4th and it's covid treatment usage is going up due to rising covid numbers. Waiting for trigger of close above .618 fib for a weekly swing on this ticker. Overall Gild looks promising long term.