Gilead Sciences Trading Analysis (29/08/2025)
The trend is ascending. The stock is trading within the 365-135 EMA range. The downward wave structure has been truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator indicates an oversold condition.
Trade idea:
- Buy when the ascending wave structure begins to form and wave A breaches the sloping channel of the descending, truncated structure.
- Stop-loss under the local minimum of the descending truncated structure.
- Price targets are 115.20 and 120.80.
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