Gilead tries to vent off oversold saturation - Analysis - 30-01-2023

Gilead's stock (GILD) rose in the intraday levels with positive signals from the RSI after reaching oversold levels while recouping some recent losses and venting off oversold saturation, amid the dominance of the downward correctional short-term wave, with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the pivotal support of 81.81. 

Expected trend for today: Bearish