GILD, MGNX & TSRO
All of the below charts are 5 year monthly candlestick charts to review the longer-term trend for each company.
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This long-term trend review is for Gilead Sciences, Macrogenics & Tesaro (GILD, MGNX & TSRO), all companies in the biotechnology field. Let's start reviewing some charts!
Gilead Sciences (GILD)
Gilead Sciences (GILD) was a member request back near the end of 2016 as its share price was searching for a bottom. That previous update can be accessed here "12/10/2016 – Gilead Sciences (GILD)".
At the time of the update, GILD's share price was approximately $72. GILD's share price is now $69.29 and appears to be in the process of attempting a rebound. In that December 2016 article, I mentioned
When there is a wave 3 extension such as GILD's, the most common pullback is to the area of wave 4 within the wave 3 extension. This area is the $63 area.
Since that December 2016 article, GILD's share price reached a low of $63.76 just last month.
Any retest of the $63 support area is…...
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I review long-term support areas for each of the companies.
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