GIS trade ideas
50% retracement + Lots of indesicionMaybe a couple nice earnings can make this re-tracement a bottom. If not I think it trades lower to 63.50 and hopefully washes out all the sellers. But every trader and their mom are looking for a bottom in this stock, so false bottoms and false break outs are going to kill any traders not looking at this as an investment opportunity.
I think institutional investors have been scaling out for profits since 2014.I also think they are patiently waiting for a catalyst to scale back in...so that is what I am going to do.
Another interesting thing on this chart is the RSI. Back in 08' the RSI was trading at near the same level when the graph formed a double bottom and then created the GILD we know today.
It is possible that history repeats itself and we get the same pattern again? if so then that means 2015-2016 may have washed out all the sellers, 2017 is were smart traders will slowly get their feet wet by scaling in, and 2018 is when the public will decide to participate.
Of course tho, this is just 1 of 20,000 theories...
Gild TP 75.36 st
Retest of 72.6 level
Time the corrective wave ( range from ~6.7% - 13%...play it safe at 7.5% increase from entry)
Gild : nearing time to longcould be worth the risk above 100ma, but 200 ma hasn't seen any action in some time...not time to buy yet
Gilead- ShortCurrent Support: 69-70
Near-Term support: 63
I like Gilead for fundo reasons (massive FCF) but the market is correctly worried about declining hep c revenues and the lack of a transformative acquisition. The trend is clearly down with regards to price, MACD, and RSI. RSI trend-line needs to reverse in order for price to appreciate in my view.
GILD- Downtrend intactI like GILD for fundamental reasons but the market is worried about declining hep c revenues and the chart is clear. could bottom here at 69-70, but if it goes below 69 I think we revisit 63 where there is pretty strong support. RSI is in a clear downtrend, which needs to be cleared before price and momentum can reverse positively
GILD may be ending a WXY patternA Seeking Alpha article based on GILD fundamentals popped up in email. The chart says it's clearly made 2 groups of 5 waves downward and roughly symmetrical down from the highs at 123. Which is a corrective ABC pattern.
The X wave rally was a good effort, but has obviously failed. So the pattern could terminate as ABC-X-ABC or WXY.
The oscillator trend channels are pretty clear on this chart and the 5 of C of Y leg appears to be an Ending Diagonal.
Looking left, there's an obvious low at 63.40 that could make a bottom.
If this thing touches off 64 and then puts in a couple strong Bull close candles, it's a buy with a target back at the highs of 123.
If you've ever traded these Ending Diagonals, the reversal is quite often amazing. Especially at the end of a C wave. I think it's a good gamble to make if the oscillators start diverging and the wave counts are there.
I think buy Calls or just buy shares outright.
It's still got a 3 of 5 of C of Y to play out so entry on this is probably more like April - May 2017.
Reward ratio could be 15:1 on this if long from 65 or 66.
I have no idea what GILD does. I trust that the Seeking Alpha analyst knows what he's talking about.
GILD in reversal zone
GILD is near a huge support if it stays above it the stock will be more than able to fly high
first it must breakout from the small down trend then to break the big down trend.
Higher Lows And Higher Highs Bullish For Gilead Sciences, Inc.Shares of Gilead Sciences, Inc. (NASDAQ:GILD) continue to hover around 52 week lows. However, there is light at the end of the tunnel for investors who are long. Gilead Sciences has been making higher lows and higher highs over the last month. This is extremely bullish in spite of soon-to-be President Donald Trump bashing drug prices. As long as the stock does not make a lower low, it is a strong buy at its current price of $72.13.
10emaX50sma + flag + bullish MACD + Double BottomThe 10ema has finally crossed the 50sma on the daily (my favorite buy n hold signal)
This is the setup:
Trigger: 74.81
Stop: 72.86
Target: 82.68
R:R - 4:1
I want a pull back to 74.81 to trigger me in and then I want two things to happen:
1. 74.50 to hold support
2. 50sma to hold support so that so that no candles close below it
I really like that the volume on this pullback has closed below the volume moving average as well
GILD Long, Bargain Price, Monthly MACD Looks BeautifulIf you check the ideas I´ve posted, you can see the monthly GILD chart, were you can clearly see the stock is about to blow up and at a great entry price.
Right here you can see how the stock made 3 resistance levels, a few weeks ago it validated the second resistance and it just did with the first one.
Enter now or regret it later.
Go big or go home.
GILDGILD needs to push out of its resistance quickly or else I wouldnt be surprised if this crashes down
GILD Long Due to Rebound, Cheap Prince, Indicators in LineI consider GILD to be a great investment because of various factors:
Talking fundamentaly, the company has great numbers and a lot of room to expand.
It's free cash flow is stunning and the company is way to big to be bought.
Technicaly:
As you can see, the MACD, RSI and Stochastic are in line, and ready to go up up up.
P/E is at a beautiful 6.95.
As you can see in the weekly chart, it's just about to go up.
I found a good entry point anywhere between 72 and 73 dolars a share due to support levels.
GO BIG OR GO HOME.
GILD - SELL OPPORTUNITYGILD IS IN DOWNTREND IN DAILY.
SELL ENTRY @ $75.00
STOP LOSS @ $81.00
TARGET @ $60.15
STOP LOSS = $6.15
TAKE PROFIT = $15.00
LEAVE ME A MESSAGE IF YOU HAVE ANY QUESTIONS REGARDING THE TRADE!!
FOLLOW ME FOR FUTURE TRADE IDEAS.
HAPPY TRADING!!!
GILD LONG5 wave up
double zigzag down
stopped at .78% retrace.
buy 72 stop below low of 71... LOW RISK possible target 77
risk 1 to make 6
whats not to like here....
if you like this analysis please comment or hit like
