2waytrading

$GILD Cleared Psychological Pivot Point (Will it last)

NASDAQ:GILD   GILEAD SCIENCES INC
188 1 1
"Seeing is believing" it does not need a lot of explanation. Its true that price finally closed above PPP level, and seems to print the projected price of C/handle. If market eventually corrects as expected, this is one of the stocks many bears will try to hit hard as it outperformed the market in general. We don't recommend a long term short entry but expect a pull back towards 90-95 which will present another opportunity to re-enter this stock. Stay safe and tuned for more to come. If you like it follow us.
Hello fellow trader! What are your thoughts on GILD now? It has been consolidating for a while now. I made think analysis on it. What do you think?
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