📊 Technical Analysis of GILD (NASDAQ)
After a strong rally since the beginning of the year, the price is now testing a major ascending trendline support around $112 – $110.
✅ If the support holds and the price rebounds, we could see continuation towards the next resistance levels at $118 and $125.
❌ However, a breakdown below $110 with confirmation may trigger a deeper correction, opening the way towards $105 and potentially $98.
🔹 The reaction to this critical support zone will determine the next major move for GILD.
After a strong rally since the beginning of the year, the price is now testing a major ascending trendline support around $112 – $110.
✅ If the support holds and the price rebounds, we could see continuation towards the next resistance levels at $118 and $125.
❌ However, a breakdown below $110 with confirmation may trigger a deeper correction, opening the way towards $105 and potentially $98.
🔹 The reaction to this critical support zone will determine the next major move for GILD.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.