GILD
$GILD falling wedge on daily$GILD looking ripe. Falling wedge nearing apex.
Looking for a move up to fill gap.
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.
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: Time at mode longWe have a nice time at mode uptrend signal in GILD, right above a Key Earnings Support level.
Upside is significant, and downside risk very small, we can enter at market with stops under 86,31 and aim for targets above 91. Good luck if taking this trade!
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Ivan Labrie
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Acciones de Gilead regaladasLas acciones de Gilead tienen un P/E de 7.33 cuando la media de la industria presenta un P/E de 25.5
(DE) Earnings an excuse to reduce de-risk. Support retest near 80 not unlikely. Clearly bearish trend, though not enough signs to call a near-term bottom. When OBV make a couple of higher lows a potential bottom may be near.
Technical to Fundamentals show otherwise. Obey your rules.
Signs of Life to $62Very strong Weekly MACD bullish crossover and RSI reversal at oversold conditions.
Inverted H&S BullishSee image for inverted H&S. Buy point was 10.3. Biotech is next in sector rotation
GILD moving toward weekly trendline / 50 day rejectionThis uptrend will continue until 50 MA, / orange downtrend line.
I can't turn bullish on this until it consolidates above 95, and to the right of the orange trend line.
