GILD: No such thing as Double Bottoms? Im a Rookie so dont hate

On weekly chart seeing a trend line from the high as strong resistance and has 2 touches and looks like might be a 3rd to confirm it. Also, on TD the count is on 8 which means we should see a slow down which gives me more faith in the trend line. The Daily on the TD is on a corrective sate completing a 9 and into couple days of correction so i think it coincides with the weekly, we should see another 9 days of up and then should run into the weekly 9 and then another correction.

My thoughts is it touches the trend @ 78.60 ish goes down to test support @64 and then a decision is made if it holds or breaks.

Komentar:

Crazy how this has followed the trend...be interesting to see it complete