Dec. 25 at 1:25 PM
Actionable Trade Alert for
$GILD:
Market Context:
$GILD is currently trading at
$125.67, showing a strong position relative to its recent price action. The RSI at 58.16 indicates bullish momentum, suggesting potential for further upward movement. The stock is above both the 30-day MA (123.79) and the 50-day MA (122.57), indicating a positive trend.
Directional Bias: The recent high of
$128.7 suggests resistance, while the low of
$108.46 provides a solid support base. Given the current RSI and moving averages, we anticipate a bullish continuation.
Trade Plan:
- Suggested Entry:
$126.00
- Stop Loss:
$121.00 (around 4% below entry)
- Take Profit Targets:
1.
$128.00 (1st Target - 1.6% ROI)
2.
$130.00 (2nd Target - 3.2% ROI)
3.
$147.00 (3rd Target - 16.9% ROI)
This plan offers a potential ROI of over 17% on the third target while maintaining a reasonable risk-reward ratio.
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