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GILD Approaching Long-term Support

GILD (Gilead Sciences) is starting to look interesting as a potential bottoming play as it approaches long-term support around 64.75 with potential bullish divergences on the weekly time frame. Watching to see how it acts around this level, particularly any signs of a selling climax and/or bullish candlestick reversal pattern around this support level. Unofficial [...]

Feb 9, 2017 9:59am|Categories: Unofficial Long Ideas|Tags: |1 Comment

Technical Outlook for GILD & BMY

Member @Ruben asked for my opinion on BMY (Bristol-Myers Squibb) and GILD (Gilead Sciences) in the trading room & as there are some pretty clear technical developments on both, I figured it would be worth sharing the charts for anyone else interested. In fact, as these two companies are in closely related and somewhat overlapping [...]

Jan 3, 2017 4:15pm|Categories: Equity Market Analysis|Tags: , |4 Comments