Gilead Sciences: Boom Times Ahead? - Potential Run to +$110 area

GILD

Early Long Idea on Gilead Sciences

Gilead has navigated 2/3rds of a huge arc that has been forming since 2015, and the arc is beginning to slope vertical.

Price navigated the yellow pitchfork on the way down, and now is beginning to be directed by the purple upsloping fork.

Weekly Stoch RSI is approaching oversold levels.

I will wait for a momentum signal or another strong arc retest before going long with a long dated call / LEAP.

Just an idea right now, with a lot of upside.

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DEAD :-(