TopOptionAlert
$GILD OCT30 160C · still actionable
Zone: $152.00 to $154.14
Invalidation: close under $150
Objectives: $160.51, then $170
The math: up 4.9% to the first objective and 11.1% to the second, against 2.0% risk on the invalidation, better than 5 to 1 to the second
Dear friend, picture a swing setup where a strong stock took a step back on Monday and landed on solid ground. Gilead closed at $153.07, down 2.0 percent on the day, after buyers held the $152.92 low well above the $150 round number, which means the pullback stopped where support should matter most. Earnings on October 29 give this move a clear test, and what that means for you is simple. If price can reclaim ground toward the $160.51 high from last week, the dip will look like rest rather than damage.
P.S. Watch the $150 line on a closing basis. A close below it changes the whole story, and a hold above it keeps the path back to $160.51 open.
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