GILD trade ideas
$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.
$GILD potential short term chart pathGILD is within a corrective structure. Should come to resolution soon to continue the uptrend
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
GILD new up rise wave.GILD is about to begin new upward trend takes prices to new high. Watch it for
GILD ... buy/add on the dipthe coo retiring is not the reason for the drop... it may have to a firm taking profits... or the reopening of the false claim act for sales a decade ago... maximum penalty will like be 500-700 million...technicals intact
Gilead holds .382 of recent advanceDecent close on weak day. Held .5 retrace intraday and .382 on close
feels like mid-Julypulled back after new highs, supported by 20 day. Will swing calls on strength Tuesday.
LONG GILDWait for confirm break of strong resistance at 85.22 (entry point). Rupture of negative tendency and newly formed tendency upwards. Could be the star of a beautiful run for Gilead
