2use

Gilead - one of the strongest stocks

NASDAQ:GILD   GILEAD SCIENCES INC
79 2 0
This stock amazed me during these weeks - it held within its upper part of the trading and even the trend bars are still green. Although 2 times it was a good sell at 110 for a small profit, it bounced off the trend line . Now price is squeezed between the the mid-trend line and 110. If markets is not getting weaker i see it easily overcoming 110 from 3rd, maybe 4th try.
109-110 is a strong resistance, 3rd time did not go, so if it ever gets there - its a tough one. Today had a bounce off an outlined trend line
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I would sell if it tries to close below 103 ( the inner channel)
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