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GILD Looking for a Long Entry After the Gap UpSUMMARY: Looking for a long entry on Gilead Sciences (GILD) after the gap up on news of a COVID treatment. HEADLINE: Looking for a Long Entry After the Gap Up TICKER: GILD STRATEGY USED: Silver Scalper Trend Confirmation = Range MA Entry Signal = Bull/Bear Power Exit Signal = Bull/Bear Power OR Range MA --- DESCRIPTION: 1. With this strategy we enter long on Bull signals and exit on Bear signals when the trend is bullish. 2. The current trend on GILD is bullish according to our Alpha RMA (Green bar color). 3. We are currently looking for a Bull signal for a long entry. 4. We expect a stop and go off of S1 to get our long entry. 5. If we get the long entry at S1 we will be looking at R1 to see how the price reacts. 6. If S1 can't hold we will watching for a Bull signal in the S2 range. --- NOTE: We conduct market analysis on a daily basis from a trend trading perspective using our own in house built tools. If you like any of the content we provide please leave a like and a follow to show your appreciation.
NASDAQ:GILD
by AlphaBotSystem
Dow Jones Entries and ExitsLooking at the Dow Jones by charting Dow Jones Mini Futures (YM1!) to find exits and entries in the current uptrend on the 1 hour. We got a long signal from our Fractal Trend indicator (background color) plus our Breakaway Scalper (bar color) on April 5th. Since that trade is already well underway, and since the previous bearish order blocks were already used as potential take profit levels, the next move is to look for a long entry or re-entry. Currently eyeing the support at the bullish order block created at S1 illustrated by our Alpha Mapping indicator to enter or re-enter a long position. Assuming that entry, targets would be the resistance levels at R1, R2, and R3 created by previous ranges. If S1 doesn’t hold, will be looking at S2 for support. However, a retest of S2 means a break in the momentum of the current uptrend which isn't ideal with a setup focused on trading with momentum and the trend. With that noted, beyond looking for long setups, we will be keeping an eye on R1, R2, and R3 for a reversal of the trend and for short setups. Will be looking for confirmation from Fractal Trend and Breakaway Scalper for that.
CBOT_MINI:YM1!
by AlphaBotSystem