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Bixley
Dec 24, 2019 4:27 AM

GILD Falling Wedges 

Gilead Sciences, Inc.NASDAQ

Description

GILD seems to be forming a long term bottom, the presence of two falling wedges displays the possible repeating bullish nature of this chart. Green fractal indicates a long term target price of ~100. If downsides occur a stop loss is placed. MACD can be observed to be also rising. Volume is not always a great indicator of price movement but in a more mature market such as this, volume spikes can be interpreted as bullish signs.

Comment

I know the second one isn't 'falling' as of much but I believe it is still a faling wedge..
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