on the weeklies though the ADX is saying this is a true uptrend So I guess the trend is your friend
zblumstein
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if you make a bollinger band and give it 3 derivatives last time it touched it's lower bollinger band on the weekly looking at may 4 2018 it was at this level it returned out of the bolinger band this march. it could touch the other Billinger band however the Bollinger bands are tightening up through very slowly this thing could stay above it's 3 derivitibe Bollinger band till next earnings however it is tempting a true uptrend if you see it is climb into the upper part of the bollinger band on the dalies but if we go flat though you might be right this might just be a bearish box and we could fall. I would like to see a fall in the ADX to about 8 on the dalies before I go and buy so I know t hat this down trend is done.
lauralea
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@zblumstein,I couldn't believe it when my alert went off that it was down this low. I like the stock and it may be forming a bottom here. I hope so but I am not jumping in is all...not yet. GILD has accomplished a lot of great things. Just seems like it struggles. A bottom would be a gr8 place to get in to this one. Thx for input
zblumstein
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@lauralea, my calls are good till November I got in around august 20th by mistake I had two calls one short one long I cut the long just intime but the long is killing my portfolio. I'm thinking of buying another short but I need to see those Bollinger bands come in a bit
lauralea
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@zblumstein, I think it is very possible the bottom is in, I was pointing out that IF the bottom is not in, price could go there. The monthly and weekly candles are a hammer and the 5 MA is above it. As I am sure you know, price is pulled to the 5 MA..and it is over the monthly hammer, meaning price is going up. I do not go short..
@zblumstein,Gild fell out of a rising wedge at 77.38ish. It was a fat rising wedge. It did not help that the sector rotated out for the most part..kinda taking a breather. The top BB is tilting up but u r right. I do not see any contraction but I have mine on 3. AO and MACD look like it is going back up. NV is tanking though and the 50 MA is trying to cross down through the 200 MA. I do not exactly see an uptrend but when a stock bottoms out, I seldom do. There is no telling, I just would not go long right now )o: I would need more confirmation. It is opening tomorrow higher than today's close (o: Good sign for going long...and november is a long ways off. There is no telling what will happen by then.
zblumstein
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@lauralea, YEP look at how high the street expects earnings to be!!!! this stock is going to CLIMB. I mean they are the only maker currently of a therapeutic. Charging people 5000 a pop they are literally making a killing and saving lives!
lauralea
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@zblumstein, They made the drug for HIV as well. I am a nurse..lol When r earnings? I was just spitting out what the S triangle it fell from says which in reality it could go lower than what I wrote. I just do not think it will. Patterns are patterns and news such as earnings etc mean a lot