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RedKTrader
May 29, 2020 5:35 PM

GILD update: need to clear the $75.40 level Long

Gilead Sciences, Inc.NASDAQ

Description

our long is in the red - but not by much - so continue to hold.
updated with key S/R levels and a possible price projection if the bulls can clear the $75.40 level - preferably before close of market today to show strength

let's keep watching this!

Trade active

just looking back, the idea entry would have been on the green vertical line - where the long sentiment starts to break the significant level and we get some demand coming in - and on the price chart, we clear the lows

just learning as we go

Comment

"failure to launch" hit GILD along with some negative news -- guess we'll have to hold until this down wave is over - good thing is, we still show green on the long term sentiment so we should get a next wave up shortly
Comments
T2Trades
Nailed it! Monday should be a blast!
RedKTrader
@T2Trades, wait for it .. wait for it :) this drop today is not necessarily bad news - but let's see how it resolves.. it could be a pre-spring.

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