Cycle Bottom Report

Cycle Bottom Report

Alex

Alex

— 2 min read
Share

Hi everyone,

I recently jumped into the weekly chart of Gilead Sciences ($GILD) using a scanner to track volume changes. Notably, on June 20th, the trading volume soared to 25,022,506, significantly above the 200-day average of 6,821,993. This unusual surge caught my attention. Let's see where cycles line up!

Daily Cycle

  • Another cycle inversion for $GILD to mark DCL and likely ICL.
  • Backtest was successful within the first 14 days as price remained inside the bull fork.
  • Big push higher from the backtest and daily cycle low confirmation to break the trendline.

Weekly Cycle

  • Red median line provided support on the decline down into expected ICL.
  • Now with a swing low and a break above the declining trendline, $GILD is looking to close the week and confirm weekly cycle low.
  • Positive divergence is showing buying as the price was looking for ICL.

Monthly Cycle

  • Hidden positive divergence showing strength as the price was declining to YCL.
  • $GILD 3YC duration is 38-45 months . We are now in the timing window to confirm 3YCL.
  • To confirm YCL, we will need to push above the declining trendline. I'm suspecting the price will push to the big blue median line once YCL is confirmed.
  • First test will be 10MA and a possible monthly swing low in June

Video Summary

Disclaimer: Airlovsky Cycle Ltd. provides educational information on market analysis and does not offer investment advice. All content, whether on this site, via email, or on social media, is for educational purposes only and should not be considered as trading or investment recommendations. Airlovsky does not guarantee the accuracy, completeness, or suitability of any information or the profitability or potential value of any investment. Decisions based on the information provided are the sole responsibility of the reader, who should seek independent financial advice from a qualified professional and fully understand the risks before investing. Airlovsky accepts no liability for losses incurred from the use of the information provided. Investment positions may change without notice and should not be assumed as a basis for investment decisions.