GILD Long, Bargain Price, Monthly MACD Looks BeautifulIf you check the ideas I´ve posted, you can see the monthly GILD chart, were you can clearly see the stock is about to blow up and at a great entry price.
Right here you can see how the stock made 3 resistance levels, a few weeks ago it validated the second resistance and it just did with the first one.
Enter now or regret it later.
Go big or go home.
GILDD trade ideas
GILD Long Due to Rebound, Cheap Prince, Indicators in LineI consider GILD to be a great investment because of various factors:
Talking fundamentaly, the company has great numbers and a lot of room to expand.
It's free cash flow is stunning and the company is way to big to be bought.
Technicaly:
As you can see, the MACD, RSI and Stochastic are in line, and ready to go up up up.
P/E is at a beautiful 6.95.
As you can see in the weekly chart, it's just about to go up.
I found a good entry point anywhere between 72 and 73 dolars a share due to support levels.
GO BIG OR GO HOME.
BUY Gilead Sciences on a close above 72.50A close above the low from October this year and the psychological number of 72.50 could trigger more bulls to support this heavily undervalued stock (P/E ratio <7). The Short term TARGET will be the 79 levels where a well respected long-term s/r level might stop the momentum for a while. Next target is the 85-86 area where some (already closed) gaps, historic lows and a trendline come into play. Place your STOPS near 72, right below the 50% retracement of the major uptrend's last wave (see image below).