Gilead tries to recoup losses - Analysis - 07-10-2021

Gilead's stock (GILD) rose 0.12% in the last session, settling at 67.48 while trying to recover some recent losses, while venting off oversold saturation in the RSI, amid the dominance of the downward correctional short-term wave, as the stock was hurt by piercing the upward trend line recently, while suffering negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the important support of 66.60.

Expected trend for today: Bearish