GILDGILD has reached a critical support. I sold my long positions before presenting results with some profit. Now I have been waiting for a new entry point for long positionby AntoninoRomano370
Wave 4 in ProgressThen long. Correction: wave (5) should be where "circle" wave 3 ends.Longby PlannedTrades0
With $IBB back over supportLook for this one to punch into $100 (symmtri) break coming soonby JXMFinancial2
GILDGilead Price just broke the Kumo on the upside on the daily chart. This is a bullish sign. The TS is above the KS and both are within the Kumo. The stop loss set by the KS is at $90.55. I have a long position.Longby AntoninoRomano374
GILDI have a long position on GILD. My long target is around $106. The stop loss is below $86.8Longby AntoninoRomano371
Breaking throughGILD has suffered over the past 3 quarters, but with a reshaping of its business, we could see them pushing up into positive territory again. Looking for a TL break and the momentum to continue. Longby Traders_insight2
GILDA break below the short term ascending trend-line (Orange) would be a perfect opportunity to short GILD with a target of the previous lows 82.Shortby Allott_o_Options0
GILD: The Little Engine that CouldDespite my overall bearish outlook on stocks, Gilead Sciences stands out as the 'Little Engine that Could' in the sense that it keeps chugging along despite being battered by the broader index just after earnings came out late January. On the fundamental side, most analysts think it's way underweight citing that it should be worth as much as 66% more as per the attached article. In my personal opinion, the fact that it is largely uncorrelated with the S&P index (overlaid in red) is actually a good thing. Stocks in general are in a frenzy over more free money from a global quantitative easing, bolstered further by the dovishness of the FOMC meeting consensus released yesterday. Technically, it appears to be consolidating once more in somewhat of a flag pattern, which is even easier to see when Heikin Ashi charts are applied. Further, it is consolidating at a major fibonacci level (anchored from the high of 2016-01-25 to the strong level of support from the low of 2016-02-19). Yesterday proved very bullish leading us to expect some pullback, but the high of today was still greater than that of Tuesday, another bullish sign. Note the proximity to the Ichimoku cloud, which may indicate further pressure building at that level. The other technicals such as the MACD, ADX and RSI suggest that we are ranging, though fortunately the Aroon indicator advocates that we are in a longer term uptrend. Trading idea : Wait for a big bull bar to confirm the breakout from the flag pattern. Set your profit targets using the fibonacci levels above, with a protective stop at the base of the (hypothetical at this point) bull candle. Keep in mind that this may be something you want to hold on to long term.Longby quantguy111
GILD: One more downside possibleThere is one more downside possible. Once it breaks the descending trendline, it will make new highs.by nsinghUpdated 2
GILD: One more down moveOne more down move is possible for GILD. Short when it turns back..Shortby nsingh2
Downward Continuation..Took a small position and looking to add if it gives way to continued downward pressure. Looking for another ride down the lower side of the band.Shortby Venor_Updated 2