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Notes on chart.

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Check out my first post of this stock on LOG.

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Notes on chart.

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This stock has great fundamentals and continues to break through resistance. I am long at 7.5 and check out the notes written on the chart.

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If you check out my other postings of CELG and GILD you can see topping formations as well. This can be a potential start to a down trend in a majority of Biotech stocks.

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It appears the bull run from the beginning of 2012 is coming to an end and profit taking is now taking place in Gilead, leading to a correction in its price. Similar set ups/ topping formations can be seen in other Bio-tech stocks and Gilead has one of the biggest pullbacks out of all of them. This can give a nice entry for a short position. Check out my...

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Re-post

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CELG

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With some of the biggest Biotech companies appearing to be forming topping formations, and the possibly of a further overall market correction, Biotech's could be hit hard as most valuations signal overvalued conditions.

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Look at this chart and my posting of BIIB.

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Time running out in triangle formation. Possible breakout monday or tuesday.

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Another one.

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I am neutral for now but will be bullish after a correction