GILD update 5/21/2015: major 3 of Primary V underway ?

Gilead sciences looks imho ready for a break out. It already climbed far above the level I said to watch: the major 1 high. Now price is IMHO in major 3 of Primary V, with a possible and ideal target as high as $157. That’s $40/share upside from current levels. The alternate count has wave 1 and 2 as intermediate a and b of major b, which should top soon. Major c should then drop back to the “IV?” label or much lower in a flat or irregular flat fashion. For now, given all TIs on the weekly and daily charts are pointing up, upside seems most likely and so the bullish count is the preferred count.

GILD update 5212015


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