obvious range/descending triangle here.Obvious triangle. price at support, looks like its good for 10%. ill give it a 3.3% stop (closing, or puking) to $78 from my $81.30 purchase last week.
Trade ideas
GILD - strong downside pressure could create compelling buy1M:
1W:
GILD continues to be under pressure. Bad news, unknowns, fear, & uncertainties. I'm not a 'value investor' and GILD's situation makes this a complex valuation. With that being said, low $70's would be compelling to me and below $70 very compelling. I hope this stock gets absolutely hammered.
SHORT GILDSe observa el cruce hacia abajo de la medias móvil rápida sobre la lenta que pudiera indicar el inicio de una nueva tendencia bajista y parece confirmarla una vela roja de gran Tamaño
GILD - GILEAD SCIENCES, EXPECTING MORE DOWNSIDEGILD is in the middle of a correction, i'm expecting one more wave down. Possible pullback for shorting opportunities.
TRADE IDEA: GILD AUG 19TH 79/94 SHORT STRANGLEGILD announces earnings on Monday after market close, so look to put this on sometime before the final bell.
Metrics:
Probability of Profit: 74%
Max Profit: $123/contract
Max Loss/Buying Power Effect: Undefined
Break Evens: 77.77/95.23
Notes: This is being done in the off hours, so I'm not getting accurate buying power effect metrics for this setup, and it's likely that the strikes will have to be tweaked slightly and/or the fill price adjusted during open market hours ... . Unsure if I'm going to do this trade myself, as I have some "housekeeping" to do on existing setups, and want to see first what buying power i've got left after I do that ... .
GILD breakout and potential gap fillBuy any pullback near the $85 breakout. SL at $83.3, profit target near $94.
GILDThe price is being stopped at resistance. I have been out waiting for clear directions from price action.
SHORTFree fall up to 75,35 possible. I will not short. I do not short stocks - too risky for my trading style. I will wait for the dip and then buy.
I only short where inverse ETFs exist.
Possible Long PositionIf the signal bar ends positively with a good bull bar this can be a good entry
Long Opportunity in GileadA good 2nd divergence after a pullback and support line is good.
Cons is; there is a strong trendline on the top plus signal bar is not strong.
at 84usd a long position with 400 share 1000kchf risk.
