I like this chart a lot actually. if we bounce off this crossroad, we will reach the moon eventually. Adding a little to my long position.
Have a terrific weekend!
Reuters
Adage Capital Partners GP LLC Dissolves Share Stake In Moderna, Takes In Gilead Sciences!
Reuters:
Germany requests 5% of EU supply of remdesivir
Germany has requested around 5% of the supply of remdesivir under a six-month European Union supply deal, its health ministry said on Monday, despite criticism of the deal due to a lack of evidence about the...
NASDAQ:GILD
Based on technical analysis, the idea is to go long only if the bottom support level of 60 USD will not be broken.
Target prices are:
1. 68USD
2. 80 USD
Based on Technical Analysis the best option is to hold and wait the end of the price retracement before going long.
Trump has been treated with Gilead Sciences remdesivir.
📍 The effect of Remdesivir...
The power to unlock the all time highs via Covid is systematically, within reach rather fast, due to the nature of drug prices which are inelastic. The effect of Gilead being treated as utility is heightened by DT putting the big orders in.
Compare the following two diagrams:
Phase III trials & Chinese red carpet
...
Technical Analysis:
HOLD BEFORE GOING LONG -Wait that the resistance level will be broken before buying.
Fundamental Information:
Gilead Was Approached by AstraZeneca About Potential Merger
It is trading below RSI 50 and 50SMA which put the stock in bearish. After fast dropped down, it may pull back to $75. However, if there will be no any good news will support the stock most likely it will continue descending.
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Gilead
WHO mistakenly posted study results that appeared to show that a leading potential coronavirus treatment failed to help patients
www.businessinsider.my
U.S. FDA approved Gilead Sciences Inc.’s experimental antiviral drug, remdesivir, for use as it’s showing good signs of helping hospitalised patients recover more quickly from Corona Virus.
From a Trend Analysis perspective - price action has been very choppy with lots of buying and selling in an almost Up-trending consolidation.
We expect Gilead to push...
A medical tech company know for different drugs but currently it is making Remdesivir. In studies it shows it helps covid-19 recovery. Based on breaking and closing above resistance today we would go back to 110
NYT: FDA PERMISSION FOR GILEAD AGAINST COVID-19 IN EMERGENCIES MAY BE ANNOUNCED ALREADY TODAY
Buy now
Sell levels on the chart
Profit +250-400 %
Wish you luck !
Trade Plan for Gilead Sciences.
Will look to enter at bottom of uptrend channel (75.3) , Stop Loss once uptrend broken (74).
Target Price at 86. Potential Price at 96. Personally will take profit at resistances as insurance.
Upside for Gilead:
1a) Possible treatment for Covid-19 (Remdesivir)
1b) Possible 2nd wave of virus
2) Possible FDA approval of Arthritis...
