GILD WEEKLY TREND: SIX REASONS WHY I BOUGHT GILEAD SCIENCES
SIX REASONS WHY I BOUGHT GILD (GILEAD SCIENCES):
Reason#1: Successfully Passed the, weekly, 50% swing low test in Dec 22, 2014, but no new high yet.
Reason#2: On the BACKSIDE of the WEEKLY downward sloping trend line after breaking out of it on a daily chart.
Reason#3: Smaller Fib on daily chart converges with strong and weekly horizontal support AND backside of weekly trend line.
Reason#4: smaller daily"potential" trend lines at the same place.
Reason#5 Horizontal support (Purple line) and everything converge in one place.
Reason#6: WEEKLY BULL FLAG! Price has been in a weekly bull flag since September 2014
Oh, and the fundamentals reasons on GILD are still great. Tell me your thoughts from a technical and/or chartist's perspective. Here is a daily view of the chart zoomed in:
Reason#1: Successfully Passed the, weekly, 50% swing low test in Dec 22, 2014, but no new high yet.
Reason#2: On the BACKSIDE of the WEEKLY downward sloping trend line after breaking out of it on a daily chart.
Reason#3: Smaller Fib on daily chart converges with strong and weekly horizontal support AND backside of weekly trend line.
Reason#4: smaller daily"potential" trend lines at the same place.
Reason#5 Horizontal support (Purple line) and everything converge in one place.
Reason#6: WEEKLY BULL FLAG! Price has been in a weekly bull flag since September 2014
Oh, and the fundamentals reasons on GILD are still great. Tell me your thoughts from a technical and/or chartist's perspective. Here is a daily view of the chart zoomed in:
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.