Thread by @malteseinvest

Analysis: #NASDAQ $GILD

Case 255 #Gilead Sciences Inc. (Revisited 01)

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#GILD 1/4

Chart 1
Weekly Chart: As noted in our analysis, Feb. 2020, #pivot #resistance at 85.85 has proved to be resilient but appears to be waning, as a drive higher is in the process. Price must now break above the the Jan, 2018 (89.54) and .....

GILD 2/4

..... close above 90.27 as the risk of a failed break higher could see price reverse back to the 2019 base 70.00-69.00. The main #SMAs are adding to the #bullish tone with firm #support seen 70.00-61.50.

GILD 3/4

Chart 2
Daily Chart: Price has broken below and is currently resting on SMA 20 with trendline support at 75.75. Price needs to hold above 78.00 or trade lower.

The #Strategy is printed on the image.

$GILD 4/4