GIS trade ideas
ridethepig | Gilead to ATH's with Remdesivir📍 The effect of Remdesivir...
The power to unlock the all time highs via Covid is systematically, within reach rather fast, due to the nature of drug prices which are inelastic. The effect of Gilead being treated as utility is heightened by DT putting the big orders in.
Compare the following two diagrams:
Phase III trials & Chinese red carpet
Buyers maintaining a strong floor.
In the first, you will notice how once we got the break of the channel buyers were allowed to go wandering all the way to the target on grounds of safety! The second wave looks inevitable despite the political fairydust around re-openings, stimulus is running out and now the attempt to reinstate pockets of further lockdowns will make activity immovable.
Thus the question, why adding more Gilead?
When building a long/short portfolio, we must add hedges and blocks accordingly. The strategic protection with Gilead is pragmatic, 450 million new customers unlocked via European clearance & we already got the ✅ for the red carpet from China. Complacency around the virus is remarkable, UK cheerleading "Super Saturday" and US "Independence Day" ... who would have thought we are in the middle of a pandemic. In any case... An attractive constellation for a swing towards all time highs.
Thanks as usual for keeping the feedback coming 👍 or 👎
Ready to pop !! 5 year Down Trend Line lower time frame , the market sentiment should take this beyond the downtrend line for 5 years
am sure the cash flow and balance sheet will be looking a lot better as well.
first stop around 85-86 where i'm guessing is our last strong resistance we break that and we go for a new all time high
156 possibly ?
It's going to be trading above all moving averages pretty soon on the daily and has positive FA behind it , just hopped on so lets see ..
REMDESEVIR ----sold out till OctoberJust saw this trending on twitter with the US apparently having bought its supply till October.
Guessing should go up and just climb from here on ...
clear 78 and we fly to 85 where the downtrend line from June 15th is waiting to reject us.
Quite possible this may just break on up since its only 13% from here.
4hr we have just touched the trendline so buy now with a tight stop loss.69.70 or 75.15 if you really want it tight :)
big postion size.
$GILD Gilead Makes Bullish break
Factors to consider.
Finally broke above 50ma
Broke descending trendline resistance
Bullish engulfing candle
MACD | Histogram | RSI all rising
and plenty of room to run.
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COVID-19 Vaccine, 1st Effective Drug, USA Secures 500,000 DosesHHS secures 500,000 doses of remdesivir.
The Trump administration has secured 500,000 doses of remdesivir, the first drug shown to be effective at treating hospitalized coronavirus patients, ensuring these doses will be for U.S. use.
This could mean huge profits for GILD.
Indicators are starting to turn up, Bullish.
Daily Chart is turning Bullish.
I think if the stock breaks above the $77.00 range, it's going to spike.
Long!
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Expecting to touch Daily support and retrace from thereExpecting to touch Daily support and retrace from there
GILD ready for good newsthe stocks cross over the up trend symmetric triangle and it's positive sign
$GILD Gilead setting up for bullish break
Factors to consider.
Range extremely tight between 50 &100 ma's.
Downtrend and support beginning to converge .
MACD reversing and crossed bullishly
Stochastic reversed and running higher.
Inside day ready to kame a move.
Alert set for possible entry above $78.00
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The Balm of GileadGilead broke out with volume today and given the amount of media exposure, I think that GILD will be one of the companies that endure this particular bear market.
$GILD Shares Sit Suspended Above Possible Key Bear TriggerGILD shares continue to trace out a complex and volatile range as the company's role in the COVID-19 treatment narrative develops.
A break under $72 from here would be potentially significant.
Will GILD survive? NASDAQ:GILD
GIld is currently testing the bottom of this trading range. 72.30 is of major support. Bounce here and we see 74-75. Break here and we could see 68ish. SPY has been bringing this thing to its knees. If spy holds 300 I'm confident in a bounce at this level
$Gild Potential Weekly Head and Shoulder $Gild is on crucial support after failing to clear the $84 channel with a double top breakdown in May. There is strong support at $72 which has been tested multiple times going back to 2017, but a further break below 72 may now provide another ticket to ride back towards the bottom of the horizontal channel to its long term support at $62. Strangely its Covid boost has resulted in the weekly 21ma crossing over the 200ma for the first time since Feb 2012 with the 50ma lagging below. On the Daily the 51ma has however already dropped below the 21ma and a double top is present with a target of 68, which coincides with the 200ma.
FIB RETRACE .618 & CONFIRMATION With a good new catalyst + RSI, MACd AND VOLUME LOOK GOOD.
I'm going for it.
