GILD: HAMMER TIME! (4-hour chart)
GILD is announcing earning today. It has lots of cash flow and good earnings surprises and makes sales. The prospects for the future of GILD look very positive, and so I added to my investment today. The trend ought to continue.
WHAT THE CHART CONFIRMS:
Technically speaking, the chart confirms to me what investors are thinking now. GILD made a hammer on a 4-hour chart. This HAMMER is sitting right on the backside of the trend line that it broke out from.
At the end of the day, the hammer shows that investors are positive going into the announcement about GILD (so am I).
It is truly hammer time and other people mostly likely will rush in to buy GILD today, overnight and all throughout tomorrow for a very valuable stock on sale. My profit target remains: $130.
WHAT THE CHART CONFIRMS:
Technically speaking, the chart confirms to me what investors are thinking now. GILD made a hammer on a 4-hour chart. This HAMMER is sitting right on the backside of the trend line that it broke out from.
At the end of the day, the hammer shows that investors are positive going into the announcement about GILD (so am I).
It is truly hammer time and other people mostly likely will rush in to buy GILD today, overnight and all throughout tomorrow for a very valuable stock on sale. My profit target remains: $130.
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