Shares of Gilead Sciences (GILD) continue to be under pressure. After topping out above $85 in the height of the COVID-19 pandemic, they have been grinding lower almost non-stop.
However, the Gilead stock chart signals buy. This is because of major support stretching back to 2019. The support level is just not one pivot, but instead over 7 pivot points. This tells technical analysts it is a major level worth accumulating at. This is always what smart investors look for; quality biotech that has pulled back into key support. The Gilead stock chart signals buy and I am looking to accumulate. The level is $67.85.
(Click on image to enlarge)
Comments
Log in or sign up to join the conversation.