Gilead Sciences Trading Analysis (07/08/2025)
The trend is ascending. The downward wave structure has been truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator indicates an oversold condition. An entry point is forming at the truncated C.
Trade idea:
- Buy when the ascending wave structure begins forming and wave A breaches the sloping channel of the descending, truncated structure.
- Stop-loss at 110.12.
- Price targets are 112.20 and 114.00.
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