Gilead Sciences may rise to 91.70 - 93.10

Our pivot point stands at 84.9.

Our preference

The upside prevails as long as 84.9 is support.

Alternative scenario

The downside breakout of 84.9 would call for 82.6 and 81.2.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 84.612 and 80.7296). Finally, Gilead Sciences has crossed above its upper daily Bollinger band (87.07).

Supports and resistances

94.4 **

93.1 *

91.7 **

90.4

87.36 (USD-last)

85.7

84.9 **

82.6 *

81.2 **

Number of asterisks represents the strength of support and resistance levels.