Gilead Sciences may rise to 81.10 - 82.90

Our pivot point stands at 71.8.

Our preference

As long as 71.8 is support look for 81.1.

Alternative scenario

The downside breakout of 71.8 would call for 68.7 and 66.9.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 73.761 and 69.1822).

Supports and resistances

84.8 **

82.9 *

81.1 **

79.2

74.19 (USD-last)

73

71.8 **

68.7 *

66.9 **

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