GILD – Gilead Sciences

Gilead made a higher low and now a higher high after its $70.83 print. It also just developed a gap-up in a new possible uptrend…

If GILD makes another higher low during this pullback and then a higher high during its rebound, then that next pullback is the purchase pullback before a significant move starts upwards. The $70 area is providing nice support for the share price and the probability of hitting my lower price target discussed in my previous article for GILD seems to be decreasing.