Just a hunch, but here's my .02 on GILD, one of the highest-flying Biotechs. Could be setting up for a massive H&S. Shows where left shoulder already formed, working on the head and my guesstimate ref. the right shoulder.
At a minimum, is a great short candidate and a great low risk/high reward scenario b/c you can short it now and set stop at top of forming head ...110.64 +.01=110.65 for stop.
TGT would be around 22ish, so that's a pretty good drop if it came to pass.
TBD and will be fun to watch!
At a minimum, is a great short candidate and a great low risk/high reward scenario b/c you can short it now and set stop at top of forming head ...110.64 +.01=110.65 for stop.
TGT would be around 22ish, so that's a pretty good drop if it came to pass.
TBD and will be fun to watch!