Dec. 6 at 1:25 AM
Actionable Trade Alert for
$GILD:
Market Context:
$GILD closed at
$122.62, currently trading below its 30-day moving average (MA30) of
$123.12, indicating a potential bearish sentiment. The RSI at 43.71 suggests that the stock is nearing oversold conditions, providing a possible reversal opportunity.
Directional Bias: With the 60-day high at
$128.7 and low at
$108.46, the stock has a defined range. The current price is closer to the 60D low, which could support a bullish reversal if momentum shifts.
Trade Plan:
- Suggested Entry:
$122.50
- Stop Loss:
$119.50 (2.5% below entry)
- Take Profit Targets:
1.
$125.00 (2% ROI)
2.
$128.00 (4.05% ROI)
3.
$143.00 (16.61% ROI)
This plan offers a solid potential for a 17% ROI or more on the third target, aligning with the resistance levels and market conditions. Monitor RSI and price action for confirmation.
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