Assumption: GILD is entering into new ascending trend. In trends it is good to buy on local corrections. Now is the time to go long on this stock (I mean long - for like 2 years hold, not two days or weeks, not options). I assume it will reach 125$ within the first leg of the move (max 2.5 years, but could come sooner).
Rationale:
End of January GILD entered into...
insiders sold some stock, but stock is not falling, but rather attacking resistance
ADX confirms direction
ATR% (low volatility) - expect large move
moving averages very tight
