Gilead Sciences, Inc. (NASDAQ) Analysis, Chart, and Trading Idea

#GILD
 

The descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The support level of 80.00 curbs the buyers.
 

Trading idea:

Buy at the formation of the ascending wave structure, where the A wave breaches the sloping channel of descending truncated structure.

Stop-Loss 80.00

Target price levels: 82.50, 84.50