Gilead Science (GILD) : Abnormal behaviour on an up day

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… Continue reading Gilead Science (GILD) : Abnormal behaviour on an up day

GILD : Bearish Signal (Beware)

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… Continue reading GILD : Bearish Signal (Beware)