$GILD - Strong Fib bounce off of .618 areaGILD broke down from ascending channel. Seems to have found Fib support around $72.40 (.618) and rebounded strong.
GIS trade ideas
9.1.17 | Stock Picks || ATW | HIMX | RGC | KR | BZUN | YNDX | INTC | LULU | MSFT | ABBV | XOM | WMT | GILD | ADI | V | PANW |
(Code-Name_Virtue)
Here is my Stock Picks list, I will not be providing any analysis for any of these symbols because there are so many. I may however provide analysis for one or two of the symbols next week. Otherwise please use your own methods of analysis when considering any of the companies on my Stock Picks list. If you scroll down you will see I have a chart posted for each symbol in my updates therefore you can get a glance at any of the stocks that you may be interested in or have a Trade Idea for.
(Keymaker)
Thank You.
October 26 Earnings: Gilead - Flying the KiteGilead's core product pipeline, including recent FDA approval is set to soar as key drugs and generics are continuing to outperform.
The company's recent acquisition of KITE Pharma came at the perfect moment with KITE being granted a key drug approval by the FDA.
Gilead's recent cost cutting efforts and R&D focus are to further push growth prospect and boost overall FY guidance.
Generic competition will continue to weigh, however, and limit some blockbuster drug expansion.
I'm starting Gilead with a $90 PT for an extended post-earnings move.
A S/L at $75 around recent area is advised.
I love GILD chart!!I been watching this stock for a while now . It has earnings next month. So, i expect some sideways movement till then but its a good set up. Let's take a look.
Monthly: Macd is crossed up. Price is between Tenkan and Kijun .
Weekly: Macd is crossed up. Price is at resistance bit above Tenkan and Kijun. LT trendline has been broken. Chikou is above price.
Daily: Bullish ichimoku. But macd is crossed down and chikou is below price .
So, I am looking for Breakout on weekly for me to go long. Patience is needed as of now. I want to see the earnings reaction before taking a position. I don't gamble. We'll see if it proves itself bullish again. Otherwise, it's a no go.
Thought to share
Thanks guys
