GILD Another Bounce Play In the Making

171 2 1
Disclosure: Long Shares @ 68.09

On Friday, Mar 28th, I bought shares of GILD right at the 200-ma for a bounce play, this is one of the strongest biotech stocks and should continue to hold in an uptrend for at least a little while as its hit drug is tracking huge numbers in the market and the pipeline is strong, I think a buy here for a couple dollars bounce could definitely be playable as the RSI is oversold, and the 200 MA is being defended strongly
I sold at 74 levels and booked profits at 68 (long term ma). The risk for me is that gild should make a higher high and i'll buy on a dip. Currently charts are painting a bit bearish. Peak, low, lower high and then a low.
shomikghosh2 justatrader
Definitely agree. This is only a bounce play for me for a couple percentage points. The RSI is oversold, outside lower bollinger band, and 200 ma should provide support from defenders trying to protect longer term uptrend
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out