Gilead Sciences Inc (GILD)

[Mr_Doug]

Not sure. I would welcome any thoughts. I'm still n pretty new when it comes to reading charts.

It looks like the price is now below the lower Bollinger band, and I am only assuming, but that looks bad to me.

The RSI is 29, so I'm thinking this is oversold. I clearly bought way too early, several times. I'm guessing we will see more downside but where the support is, with the way markets are, I don't know.

I'm considering this a solid buy for long term, but myself I would wait for a lower entry point and a bullish ADX/DMI to pick up more.

That being said, if there's a pop maybe I could unload some shares, or all of them. I think I'm in around a mid to high 85.

I suspect markets will have to turn around for even great news to get this behemoth out of bed. I would hate to sell and then see $90+ a share...so I may hold for awhile.

Position trading this and apple has been a bear for me this year.