Tuesday, November 25, 2008

Gilead (GILD)

GILD Daily Chart

Gilead (GILD): GILD broken rising flag. Supports: 35/30. Bought 2009 Feb put.

A lot of biotech stocks gave me a sell signal last week. That is why I have opened many positions in this sector. I'm not sure whether the general market has found bottom or not. A slight bullish divergence in the daily chart indicates so. More evidence is needed.

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