Gilead Sciences (GILD): First Take Profit in a High Range
Gilead Sciences is now back trading at the high end of its range, and we’ve decided to take our first profit here. It’s crucial to respect range-bound trading, and there is a strong possibility of a pullback at this point. However, we don’t expect this pullback to reach the lower end of the range again but rather settle in the middle. If 
GILD reclaims this range high, it could provide even more upside and new opportunities.
We are also raising our stop loss to $65.80 to lock in gains. Gilead serves as our "natural hedge" against broader risk-on market conditions, and with a 40% bounce from the range low at the same time the S&P 500 is hitting new all-time highs, it’s clear that Gilead can benefit as well.
We’re keeping a close eye on this stock, and if another opportunity arises, we’ll be ready to act.
GILD reclaims this range high, it could provide even more upside and new opportunities.We are also raising our stop loss to $65.80 to lock in gains. Gilead serves as our "natural hedge" against broader risk-on market conditions, and with a 40% bounce from the range low at the same time the S&P 500 is hitting new all-time highs, it’s clear that Gilead can benefit as well.
We’re keeping a close eye on this stock, and if another opportunity arises, we’ll be ready to act.
Professional Trading and Investing Group
Daily Stocks & Crypto Analysis | Daily Bitcoin Updates | Trading Challenges & more
Join us on:
Discord: discord.gg/ftPWbe8MJy
Telegram: t.me/+U7KhRNv61XczZmQ0
Daily Stocks & Crypto Analysis | Daily Bitcoin Updates | Trading Challenges & more
Join us on:
Discord: discord.gg/ftPWbe8MJy
Telegram: t.me/+U7KhRNv61XczZmQ0
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.