Elliott Wave Technical Analysis: Gilead Inc.

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Gilead Inc., Elliott Wave Technical Analysis

Gilead Inc.,  (Nasdaq: GILD): Daily Chart, 16 February 2023.

GILD Stock Market Analysis: It has been moving higher after a clear five wave move which seems to be completed to then resume higher.  

GILD Elliott Wave Count:  Wave (ii) of {v}.

GILD Technical Indicators: 20EMA as support.  

GILD Trading Strategy: Looking for the end of wave (ii).  

Analyst: Alessio Barretta

Gilead Inc., GILD: 4-hour Chart, 16 February 2023.

Gilead Inc., Elliott Wave Technical Analysis

GILD Stock Market Analysis: It looks like we have had a diagonal in wave (i) and we are now ready to pullback lower into wave (ii).

GILD Elliott Wave count:  Wave a of (ii).

GILD Technical Indicators: In between averages.  

GILD Trading Strategy: Looking for a clear three wave move in wave (ii) to then place longs.


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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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