Gilead leans on important support - Analysis - 22-02-2021

Gilead's stock (GILD) returned lower with a 1.32% loss in the last session, leaning on the pivotal support of 64.55, amid the dominance of the upward short-term trend, with support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels. 

Therefore we expect the stock to return higher, targeting the resistance of 68.30, provided the support of 64.55 holds on.

Expected trend for today: Bullish