Gilead Sciences may fall to 57.60 - 59.70

Our pivot point is at 69.7.

Our preference

Target 59.7.

Alternative scenario

Above 69.7, look for 73.3 and 75.4.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (66.782) but above its 50 day moving average (66.1302).

Supports and resistances

75.4 **

73.3 *

69.7 **

68.3

66.69 (USD-last)

61.9

59.7 **

57.6 *

55.6 **

Number of asterisks represents the strength of support and resistance levels.