TRADING IDEA (Momentum Swing Trading Breakout)
Gilead Sciences, Inc. is a biopharmaceutical company, which engages in the research, development, and commercialization of medicines in areas of unmet medical need. Read the full profile here.
STRATEGY
Breakout Swing Trading Idea
- clean breakout during last trading session, wide range bullish bar closed near the high of day (+5.2%)
- strongly increased buying volume
- closing price above current daily resistance level
- long term trend (weekly chart), price breakout above sideways trading channel
Last earnings: 2022-08-02
Next earnings: 2022-10-26
ACTUAL SETUP
- Buy Stop | $66.36
- Limit | $66.50
- Stoploss | $63.44
- Target | first and second target area on weekly chart
ADDITIONAL INFO/TIPS
- Use our ChartMill Postion Sizing Tool to calculate the maximum number of shares you can buy, depending on your available capital!
- Why using Stop Limit Orders?
Disclaimer: These trading ideas are merely to demonstrate what ChartMill is capable of and shows some typical results of a breakout filter. It is in no way actual financial advise to invest or trade in these stocks. The author has no pre-existing position in any of these stocks.
