1GILD trade ideas
GILD - long entry at ~97Renko chart makes identification of key support/resistance easier. Moreover one easily sees that they tightly fit with Fibo levels. We are currently in a downtrend towards the main year support which was tested in spring and in fall. An investor may be interested to enter at the 97 area, this would be a fair price for a stock whose average target price is 128.3 (tipranks.com) and rated as "strong buy". I don't own this stock currently, I'm long CELG but I consider buying GILD someday.
Gilead ready for Lift-Off Target1: 123.27 Target2: 140 Stop: 93Consistent outperformer with always an Ace up its sleeve. Expect at least a 30% increase in value in 2016. You will never see this stock at these prices ever again. Buy now and thank me Later. All bets are off if we have a financial collapse dragging the share price below 92.96.
Will this Continuation Diamond Pattern achieve 30% measured movePrice 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
$GILD - dailyAs posted, entry when 107.5 was taken. Nice recovery today, but could use some rest before breaking over recent highs.
$GILDThe 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 rate GILD a technical BUY, and headed to new highs most likely.
For now, watching and waiting. We should know what action to take by mid-May.
GILDNotes on chart. NOT an ideal formation, but bounced of 50wma which has offered a nice entry previously
UPDATE for GILD: April , 2015I 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.
GILD Update....Good Investment or Good Company...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 little messy because of the gap in Feb, 3 2015;
hence, the tiny divergence, which would have been bigger.
Oh, and last month an insider of this stock Director Olsen Per Wold, bought 10,000 shares of GILD, at $99.92 each per share. A total investment of $999,150.
It looks promising. I like today's candle. I purchased GILD shares already, and I am debating on whether to add more on Monday or buy the TQQQ index just in case this trade, and hopefully, semi-investment, doesn't work. Maybe it will help the biotech industry have an incentive to continue its trend; it has been in a range for some time (that things are still looking good).
The Seven Reason I Bought GILDI 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 on a daily and weekly chart. So, It is approx. $117.
-ScienceEvolution
GILD - Sit on your handsGilead 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 Day Trade Perfect Gap N Go (Brad Reed Feb4,2015)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
$GILD warmer, warmer, warmer.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 I guess)
Anyway, I'd expect an increase of selling pressure as $GILD approach 103-106, a confluence of MA and trendlines. And believe it or not, it's made a series of lower highs and lower lows, I know this pattern has lost its relevance in this bull market, but believe me, it's important.
You can sell the FEB 105/110 call spread for roughly $1.7( or wait till it gets to 105-106 and sell the 110/115 for $1.7, just by eyeballing), or just wait a while for confirmation, let the price show you where it wants to go.
Using Parabolic Sars and Squeeze Indicators IntradayGILD - 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 graph columns show the direction on the trend and the intensity. Bright Green is uptrend growing intensity. Dark green signals a loss of momentum and the reversal to the downside. Bright red is a downtrend growing intensity. Dark red signals the loss of momentum and reversal to the upside
There are 2 colors of stars. Red is the squeeze. Grey is the release. When the stars go red to grey, it results in powerful move up or down depending on the color of the graph. Generally, you can enter a trade within 1-3 grey crosses, and exit a trade by 3rd red cross.
Parabolic Sars is really simple. If the price is above the green dots, you can go or stay long. If the price is below the red dots, go short or stay short.
VWAP: I basically use this as a line in the sand. Note: you could use moving averages, but I found that they just made it too confusing, and more difficult to read with no added benefit.
The red and green boxes mark the entry and exits of the possible trades. Ok, so executing the trades.
I skip the first 15 minutes to allow for a proper setup.
At 9:45 we have a grey cross within the red graph, the price is below the red dot, and the VWAP, so go short
At 10:33 we have the 3rd red cross and the the graph is dark red, so you cover. (Short 16 bars/48 min)
At 10:39 we get a grey cross, so go long. (You could have a more conservative entry by waiting for the 2nd or 3rd grey cross).
At 10:54 the price moves over the green dot. There was also a higher high, so you stay in.
At 10:57 the price is rejected by the VWAP, and it is the 3rd red cross on the squeeze indicator.
At 11:09 it is rejected again by the VWAP, it had a lower high, and we are now on the 7th cross, so it's time to sell. (Long for 10 bars/30 min).
It continues squeezing until 11:39 when we get an explosive move up! It goes up over $1.50 in 1 candle. It blew though the VWAP, and price is above the green dot, so go long.
Between 11:57 and 12:00 there is a small pullback, so you could take some profits, but there is no need to exit the position at this point.
At 12:12 The graph changes to dark green (loss of momo), there was a lower high on the last bounce, and it is also the 2nd red candle consisting of mostly tail at the top, so it's time to sell or reverse your position and go short. (Long for 11 bars/33 min)
At 12:15 you have either reversed your previous position, or you are entering a short here. You are on the back end of the move, you have a confirmed lower high, the price is blow the red dot.
13:12. A higher low was put in, and the dark red graph is getting smaller, so it's time to cover. (Short 20 bars/1 hour).
At 13:18 a green dot appears blow the price, so you go long) or you could have reverse your short position 6 minutes ago depending on how aggressive you want to be).
At 14:36, the graph is dark green and close to the midline, so it looks like it is just going to go sideways the rest of the day, close out the position, and keep watching it. (Long 26 bars/1 hour, 18 min).
The red crosses on squeeze momentum indicator stayed for the remainder of the day, and the graph stayed near the midpoint, so there was no momo in either direction, so no further trades were made.
