GIS trade ideas
I pened this trade yesterday and going well on Breakeven nowI opened this lot yesterday and going well on Breakeven now. closed half and wait for retracement
Gilead Science target level $gildHavin broke out from a long term downtrend as previously posted, they stock is now just at the beginning of a very bullish move to the upside.
Afterhours today the announce that 2 phase 3 studies had begun for a antiviral coronavirus drug .
Pharma is better than goldI think in the current market, pharma stocks like GILD will rise by the end of the year.
$GILD Finally Breaks Out After A Long Period Of Consolidation$GILD has been stuck in the $63 to $70 range for over a year. After yesterday's significant breakout, look for $GILD to keep climbing. Contributing to yesterday's breakout was the news that a World Health Organization official comments that the company's experimental drug may be the best candidate to treat the new coronavirus that's spreading globally.
Gilead's remdesivir is the “one drug right now that we think may have efficacy,” Bruce Aylward, an assistant director-general at the World Health Organization, said at a briefing in Beijing.
The compound has been advanced to clinical trial in China. WHO said results may be available within weeks.
$GILD looks to be a smart play in the current environment.
As always, trade with caution and use protective stops.
Good luck to all!
GILDSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
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Gilead Bullish but Hits resistance
Bullish break from congestion phase with possible upside target $78.77
Coronavirus impetus set to boost the stock much higher.
Gild gets interestingIf long, at least need to hold 67-68 level next week. Daily close < 65 is very bad.
US:GILD Short term 20 days. Potential profit 16.6%US:GILD
Buy in at 67.75
Cut loss at 65.5
Target at 79.0
Buy the cureGilead says that they have a coronavirus treatment in route.
The chart looks great too.
Worst case, we have a minor leg down to the .382 line, but long term I'm bullish. (note: I am long on calls for this into the summer.)
Buy the coronavirus cureA lot of rumors are going around! Gilead works on a coronavirus and the technical are loking really good!
Good luck
Gilead major trendline Breakout
Possible entry level 71.22 above fibonacci resistance
Target price $88.68
Stop loss $67.00
Alert set for break above $70.50
GILD possible bottom and breakout After a year of consolidation GILD maybe on a verge of a breakout from a possible bottom with good volume. Price trading above averages and thru resistance and close to a golden cross happening. This still could be too early to call but on my watch list. GILD also has a good pipeline of products.
ridethepig | GILD 2019-nCoV TargetA good time to review the previous floor at 60.xx that we have been tracking for almost a year in $GILD. Here taking the latest misses in Q4 Earnings with a pinch of salt as the red carpet has been rolled out for Gild via China. Once again another buying opportunity given the latest progress around Phase III clinical trials:
On the Remdesivir (GS-5734) side, this is their free pass into the Chinese Healthcare system. Models will need to start quickly repricing revenue from the Hep B cases in China. GILD will do the heavy lifting here, +/- $20 upside available on the headline for FDA approval which looks around the corner. Flow-wise, the initial target area from the latest technical break comes into play at 86.xx (+25% from current levels).
As usual thanks for keeping the support coming with likes, comments and etc!
LOOK! GILD Monthly. Price pattern says it all and given the fact that GILD already has a drug to possibly combat the corona virus makes for perfect timing.
Buying the bounce off of the falling wedge and slingshot engaged.
They also just upped their dividend payments by 11%.
Gilead Sciences Coronavirus experimental cure long opportunityBeen doing research on the progress of a coronavirus cure and severity of the outbreak. My intention was never to look for companies to invest in, I was genuinely curious about the state of the world. I came across an article (replace parenthesis with period): www() bloomberg()
com/news/articles/2020-02-01/coronavirus-case-treated-with-gilead-drug-may-spur-wider-tests
in which it is stated that the first case in the USA was treated with an experimental drug developed by gilead sciences. I encourage you to the read the article yourself and dyor. After taking a look at the chart, i couldn't help but notice that price seemed to be gearing up to go higher. Again, I encourage you to do your own analysis and not go based purely off of mine. I think this could be an amazing swing trade if played right and especially if the drug comes around to be approved.
Another article to do further research is a statement from gilead's website (replace parenthesis with period): www()gilead()
com/news-and-press/company-statements/gilead-sciences-statement-on-the-company-ongoing-response-to-the-2019-new-coronavirus
It mentions cooperation with china and an expedited plan to do clinical testing of the drug.
Best of luck and happy trading!
GILD Bullish breakout watchRemdesivir and Coronavirus catalyst fundamental may take the this into larger wave 5? Local support in $60 range.
Gilead on Watch-list for reversal
Possibly a rumor based rally yesterday but on watch for a significant break out of channel.
Major resistance from all 3 major moving averages above.
Rsi has bounced from oversold conditions.
Stochastic in bullish reversal.
Stock remains nearly 50% from All time highs.
No MásNo More "Crappy" little Biotech Stocks, for me!
They are too easily Manipulated.
I have GILD
Watching: $67.59
