$GILD Continues Grinding in Its Wedge

First noted in this tweet, I see two alternative for $GILD:

  1. [Green count]: It’s an A-B-C. Advantage of this count is greater longterm agreement with the bullishness of the overall market. Disadvantage is the super-grindy nature of the present advance.
  2. [Pink count]: It’s an W-X-Y. Explains the grind well.

In either case, we should at least get a trend line strike, still 8% above us. We’ll see how it behaves when it gets there.


Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.

Leave a Reply

Your email address will not be published.