The price must not close under the 50 week moving average (not shown). Also, the 50 day moving average must not cross under the 200 day moving average (a slight cross doesn't necessarily make the chart bearish unless it comes with large selling volume). Ideally, we will see the price break above the upper trend line on volume to 105, 106, 107 etc. At that point, I...
Interestingly, GILD is both a good investment, a good trade and a good company, and not just a good company.
Given the really tiny divergence in my indicators (RSI), a break above the red line is looking possible. Try an RSI(14)..same thing.
A TINY Divergence in PVT indicator and volume clues:
Weak selling interest expressed in volume and price pattern today. A...
I Bought GILD for seven reasons:
(1) Head and Shoulders Pattern (60 min)
(2) Horizontal Support from Left Shoulder ($102.72)
(3) 61.8% Fib level Support @ $102.75
(4) Descending Trend line Support
(5) Long-wicked Hammer found Support at Trend line
(6) Weekly Uptrend
(7) Selling Climax in February 2015
(8) The risk/reward potential is favorable. My reward is based...
Price has memory, 100-106 area is particularly painful for anyone who got in this stock.
As you can see in the yellow box, Gilead spent a month in that range, many people wanted to play for a box/sym tri breakout and ride the "year-end beta chase/Santa Rally" (whatever the fvck that is, some kind of "conventional wisdom" CNBC had planted in newbie traders' brain...
GILD - 3 min intraday chart. Indicators: Squeeze Momentum, Parabolic Sar, and VWAP
These are new indicators for me, so I did this to help me to interpret and utilize them to execute an intraday trade.
First, here is a brief overview of the Indicators used in this chart.
The Squeeze Momentum Indicator is made up of 2 components: Graph Columns and Stars.
The...
Expected to open between 96 and 97 for a Bearish Gap N Go. Last candle black on the hourly. Learn to trade this strategy for free at www.RealLifeTrading.com
