As posted, entry when 107.5 was taken. Nice recovery today, but could use some rest before breaking over recent highs.
I do not know when Wave 4 breaks - however, I am longer term bullish to neutral, expecting a break out or AT LEAST a move to 111 at some point in the near future (less than 1 year)
GILD 15 min chart. Check other published idea on GILD for full story and opinion.
Gilead has been in a heavy consolidation pattern around the $100 price level for the last 8 months and is about to breakout to the upside. The biotech sector as a whole is ready to start consolidating and some big M&A is about to happen. There has been lots of talk this weekend reinforcing arguments that GILD is getting ready to spend some of its $14 billion USD...
Giant consolidation phase. GILD is in a longer term distribution. Making this triangle more of a non directional trade when it breaks out.
Looks like a diamond. Feel like a reversal rather than continuation.
I Bought GILD for seven reasons: (1) Head and Shoulders Pattern (60 min) (2) Horizontal Support from Left Shoulder ($102.72) (3) 61.8% Fib level Support @ $102.75 (4) Descending Trend line Support (5) Long-wicked Hammer found Support at Trend line (6) Weekly Uptrend (7) Selling Climax in February 2015 (8) The risk/reward potential is favorable. My reward is based...
102/101 bull put spread expiring this week. .10 limit. I would not even look at spread unless we close below 103 on the hourly. Line in the sand would be a move below 102.50 Keep eyes on the long term SMA"s on the hourly as well.
GILD expected to open at 98.93 for a Perfect Gap N Go. Watch for nearby pivot. To learn this strategy for free go to www.RealLifeTrading.com
There will be many of you who continue to hold onto biotech chasing even more gains refusing to believe the run is over. In the words of the great Oscar Gamble, "They don't think it be like it is, but it do." All great runs come to an end. The time to go short is at hand.
ABCD Formation with PRZ at D giving indication to short. Has been in play for 3 days so far.
Price has memory, 100-106 area is particularly painful for anyone who got in this stock. As you can see in the yellow box, Gilead spent a month in that range, many people wanted to play for a box/sym tri breakout and ride the "year-end beta chase/Santa Rally" (whatever the fvck that is, some kind of "conventional wisdom" CNBC had planted in newbie traders' brain...
GILD - 3 min intraday chart. Indicators: Squeeze Momentum, Parabolic Sar, and VWAP These are new indicators for me, so I did this to help me to interpret and utilize them to execute an intraday trade. First, here is a brief overview of the Indicators used in this chart. The Squeeze Momentum Indicator is made up of 2 components: Graph Columns and Stars. The...
Lots of Support in area 93 ish, Good Candle and volume Breakout
Needs to hold support at $90 or on 200-day moving average. Looking for entry if bounce confirmed.