A trendline derives its authority from the number of times it has been touched or approached, the larger the number, the greater the significance.
Since its all-time-high on 2/2/2020 at $66; which was reached due to a 12% jump from earnings... ZG has fallen 50% As we have seen in the past few volatile weeks, some stocks have outperformed due to the idea they will benefit from the COVID. For example: People buying masks, hand sanitizer (CLX) People are staying home to work (ZM) People are staying...
If gild can hold 74.5 then we should push higher to 80 with the majority of option volume being around 80,85 and 90
Charting historical Support and Resistance levels. Gilead was on track to have an improved 2020 financials wise even before Corona Market. They are the front runner for vaccine in terms of drugs already in trials to treat similar COVID diseases. They also have two drugs being tested and waiting to be approved in China for cancer drugs which will continue to...
One trade for dynastic family wealth if you happen to survive the coronavirus epidemic. I'm already in from $73, but entry isn't too important given the degenerate long target. Long with stop at the previous consolidation of $65, target $230.
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Down to 60 / 47 up to 170 In the future. Deepest pullback to 25 zone. Don't see it happening. This will be the first bounce off the red ribbon. Usually it is always quite strong once we touch it. Good buy zones : $42 - 50 Good sell zone: $150 - 170
held GILD , MRNA calls over the weekend gilead only phase 3 coronavirus cure moderna first coronavirus vaccine
$GILD has been stuck in the $63 to $70 range for over a year. After yesterday's significant breakout, look for $GILD to keep climbing. Contributing to yesterday's breakout was the news that a World Health Organization official comments that the company's experimental drug may be the best candidate to treat the new coronavirus that's spreading globally. Gilead's...
Tomorrow morning I will buy QQQ PUT Today's trade: XLE XOP GILD UNG
Gilead says that they have a coronavirus treatment in route. The chart looks great too. Worst case, we have a minor leg down to the .382 line, but long term I'm bullish. (note: I am long on calls for this into the summer.)
Next week, focus on trading XOP or OXY or XOM GILD CGC XOP
Tomorrow I will not open any position, just try to close what I bought today.
A good time to review the previous floor at 60.xx that we have been tracking for almost a year in $GILD. Here taking the latest misses in Q4 Earnings with a pinch of salt as the red carpet has been rolled out for Gild via China. Once again another buying opportunity given the latest progress around Phase III clinical trials: On the Remdesivir (GS-5734) side,...
Possibly breaking out of first squeeze since 2010, which resulted in a helluva run.
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...