$GILD Cleared Psychological Pivot Point (Will it last)

Aug 20, 2014

"Seeing is believing" it does not need a lot of explanation. Its true that price finally closed above PPP level, and seems to print the projected price of C/handle. If market eventually corrects as expected, this is one of the stocks many bears will try to hit hard as it outperformed the market in general. We don't recommend a long term short entry but expect a pull back towards 90-95 which will present another opportunity to re-enter this stock. Stay safe and tuned for more to come. If you like it follow us.