Head&Shoulders Formed On the Weekly Short

Gilead Sciences, Inc.NASDAQ

Description

⋅ Sep 4, 2016 4:46 PM

This is an ugly chart for those who are bullish on GILD. I do not hold short biotech positions overnight so I will not be entering this trade.

This chart is just to show that the recent crash in biotech still has a way to go.

Comment

⋅ Feb 8, 2017 10:47 PM

Looks like earnings has confirmed the pattern