Since my last post, Gilead Science has rebounded off $41 and has been consolidating in the mid-40s range.
There is a chance that it may breakout of its range in the coming 2 months.
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Gilead Science (GILD) : Poise for breakout
Oct 21, ’09
2:50 PM
Gilead Science (GILD) : Abnormal behaviour on an up day
May 19, ’09
1:20 PM
Previously, I have warn that GILD exhibits a bearish Tenkan sen – Kijun sen cross.
Yesterday, GILD exhibit an abnormal behaviour (and a more worrying bearish trend).
While the major indices rose more than 3%, GILD actually got sold down.
From the chart, you can see that throughout May, there has been more selling than buying. Only exception [...]
GILD : Bearish Signal (Beware)
May 7, ’09
7:08 PM
After the gap up due to the ’swine flu’ news, GILD has been trading downwards since.
To the point that a bearish signal is now sighted on the Daily Chart.
1. As can be seen, Tenkan sen has cuts Kijun sen. And with so many consecutive down days, it is definitely a signal to take note of.
2. [...]