GILD trade ideas
Easy Swing?GILD is moving with the news these days but the risk vs. reward is looking good, even after coming of the Double Top. I would love to see it bounce of the trend line and buy around $71 for a easy swing to an $80 target. Any good news can make this happen sooner than later. Regardless of the outcome of the trials, big pharma is one of the safest spots to invest right now in my opinion. Take this all with a grain of salt and do your own homework. I honestly have no idea what I'm talking about but just throwing up some ideas to look back at later.
GILD support trendlineA trendline derives its authority from the number of times it has been touched or approached, the larger the number, the greater the significance.
Short if Kumo breaksThis is a short play to $64 if we break the Kumo. We could potentially go further if supports fails, but the $64 level is a good place to take all if not partial profits.
GILD bearish day, open 3/26 bullishNothing promising on 3/25 (publish day), however running a fib retracement (excluding the top candle wick of the high) shows us a possible retest of the 0.5-0.618 zone.
Risk reward is 2.36 NASDAQ:GILD day trade promising.
$GILD can rise in the next daysContextual immersion trading strategy idea.
Gilead Sciences has a strong upward trend.
The company is developing a treatment for COVID-19 now.
Due to the spread of the virus, this company looks very attractive and has a potential for success.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $80,74;
Information about stop-loss and take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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Went long, looking for 80+ in favorable market conditionsLike the hype and call volume 80+ in the near future!
GILD Retest/RemountGILD retested support yesterday at 68.5, then rallied the rest of the day showing strength. Today it opened green and is showing a moving average crossover on the hourly chart. I believe this will play back to recent high especially paired with the coronavirus panic.
GILD longI use asymptotic trend lines to find when a a stock is overbought or oversold
Expecting a reversal within the next day, great buying opportunity to swing trade this. PT >80$
GILDIf gild can hold 74.5 then we should push higher to 80 with the majority of option volume being around 80,85 and 90
GILEAD In the LeadCharting historical Support and Resistance levels. Gilead was on track to have an improved 2020 financials wise even before Corona Market. They are the front runner for vaccine in terms of drugs already in trials to treat similar COVID diseases. They also have two drugs being tested and waiting to be approved in China for cancer drugs which will continue to bolster stock if looking to hold long term. Many smaller biotech stocks with few to no results were losing value even in the bull market of last few months, now once Corona fears subside or companies have patented successful drugs, those companies will go back to losing their value and I think player like GILD are here to eat that up for those still looking to invest in biotech, but not penny stocks. Considering how manic this run up has been, the tests at the historical levels have been met and beaten, just not for as long as we'd like to see. Seems likely to have a small correction 03/09 as it's now at the level it was previously brought down sharply, but if mooning through 82.50 without dropping below 78.50 then it's clear to have another discovery between 85-90.
Summary:
Good long term investment. Good swing trade. Scalping could cause a shortened lifespan, though huge room for profit (and loss =D)
Officially ate the prior large red candleGiven the sexy story behind, gap up on Monday is very likely. If not, can add more.
Elliott Wave View: Gilead Sciences Bullish Cycle Heating UpGilead Sciences ($GILD) is starting to show signs that it may be in the beginning stages of new bullish cycle from an elliot wave perspective. The Long term chart shows a completed bullish sequence in 5 waves for Blue (I) which topped on June 22/2015 at 123.37. From there a corrective sequence took place for Blue (II) which bottomed on Dec 26/2018 at 60.32. From there a new bullish cycle may be starting with an equal legs area of 183.78 to 260.01 for Blue ( III ).
On a 4h view, after setting a wave ((1)) top on Feb 1/2019 at 70.50 a lengthy wave ((2)) took place in the form of a double zig zag correction. Wave ((2)) bottomed on Oct 3/19 at 60.89 and from there some nesting has started. Blue wave (1) is set on Oct 24/19 at 66.75 and Blue (2) with an expanded flat correction is set on Jan 21/20 at 62.23. From there another 5 waves up has been set, for a nesting red 1-2 taking place. Price action suggests a wave 3 break out is imminent.
The Corona Virus (COVID-19) has brought a lot of attention to Gilead recently but the Elliott Wave analysis suggests that Gilead Sciences had a bullish setup before the virus surfaced. The momentum from the virus may be but one small element that helps push Gild to new all time highs, and eventually the 183.78 to 260.01 area for Blue ( III ).
Gilead: Dynastic family wealth if you happen to surviveOne trade for dynastic family wealth if you happen to survive the coronavirus epidemic. I'm already in from $73, but entry isn't too important given the degenerate long target.
Long with stop at the previous consolidation of $65, target $230.
Gilead Science Trade setup $gild
Alert set for break above $81.00
Target price $85.00 to Fibonacci expansion channel.
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Gilead undervalued stockPlease click like if you enjoy my analysis and don't hesitate to write your comment.
Gilead WeeklyDown to 60 / 47 up to 170 In the future.
Deepest pullback to 25 zone. Don't see it happening. This will be the first bounce off the red ribbon. Usually it is always quite strong once we touch it.
Good buy zones :
$42 - 50
Good sell zone:
$150 - 170
