Gilead collects profits - Analysis - 26-11-2021

Gilead's stock (GILD) fell 0.79% in the last session on profit-taking while gathering momentum and venting off overbought saturation in the RSI, while maintaining the main upward trend, as it's buoyed by the 50-day SMA, settling thereafter at 70.07. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 73.25, provided it holds above 69.35.

Expected trend for today: Bullish