Gilead Sciences may fall to 58.90 - 60.10

Our pivot point stands at 66.5.

Our preference

The downside prevails as long as 66.5 is resistance.

Alternative scenario

The upside breakout of 66.5 would call for 68.4 and 69.7.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 65.7195 and 66.815).

Supports and resistances

69.7 **

68.4 *

66.5 **

65.7

64.7 (USD-last)

61.3

60.1 **

58.9 *

57.8 **

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