Price finally broke out above the descending resistance line which is one of the diamond's boundary line this is very reliable bullish pattern unless market falls apart but next 12 months there is a good chance this pattern will achieve its measured upside move. Real-time alerts www.2waytrading.com
As posted, entry when 107.5 was taken. Nice recovery today, but could use some rest before breaking over recent highs.
The price must not close under the 50 week moving average (not shown). Also, the 50 day moving average must not cross under the 200 day moving average (a slight cross doesn't necessarily make the chart bearish unless it comes with large selling volume). Ideally, we will see the price break above the upper trend line on volume to 105, 106, 107 etc. At that point, I...
I didn't want to publish this last night, but what the heck. It is just an update. Everything I wrote before about GILD remains the same.
Interestingly, GILD is both a good investment, a good trade and a good company, and not just a good company. Given the really tiny divergence in my indicators (RSI), a break above the red line is looking possible. Try an RSI(14)..same thing. A TINY Divergence in PVT indicator and volume clues: Weak selling interest expressed in volume and price pattern today. A...
I Bought GILD for seven reasons: (1) Head and Shoulders Pattern (60 min) (2) Horizontal Support from Left Shoulder ($102.72) (3) 61.8% Fib level Support @ $102.75 (4) Descending Trend line Support (5) Long-wicked Hammer found Support at Trend line (6) Weekly Uptrend (7) Selling Climax in February 2015 (8) The risk/reward potential is favorable. My reward is based...
Gilead is infected by HEP C gold fever and may slip to 200 MA. Wait till it hit the safety net and backed up by institutions.
GILD expected to open at 98.93 for a Perfect Gap N Go. Watch for nearby pivot. To learn this strategy for free go to www.RealLifeTrading.com
Price has memory, 100-106 area is particularly painful for anyone who got in this stock. As you can see in the yellow box, Gilead spent a month in that range, many people wanted to play for a box/sym tri breakout and ride the "year-end beta chase/Santa Rally" (whatever the fvck that is, some kind of "conventional wisdom" CNBC had planted in newbie traders' brain...
GILD - 3 min intraday chart. Indicators: Squeeze Momentum, Parabolic Sar, and VWAP These are new indicators for me, so I did this to help me to interpret and utilize them to execute an intraday trade. First, here is a brief overview of the Indicators used in this chart. The Squeeze Momentum Indicator is made up of 2 components: Graph Columns and Stars. The...