Gilead Sciences Inc. (GILD) was in a sharp bullish extension during the 8/30 session. In hindsight, GILD has been consolidating throughout 2017, and has been developing a bullish reversal since June, after it rebounded from about 63.85. It closed the 8/30 session at 81.23.GILD Daily Chart(click to enlarge)Bullish Reversal:- The first sign of a reversal was in June when price shot up to 72 from 63.85. This rally was sharp and broke a previous resistance pivot as well as the 200- and 100-day simple moving averages (SMAs).- Then on a pullback, price made a higher low, and the RSI held above 40, - In August, we have another pullback where price against made a higher low and the RSI held above 40. - These were all signs that bulls were taking control.Resistance:- The current rally is sharp and should follow through at least a bit. - Around 85.40, there is a support/resistance pivot area. - With the RSI nearing overbought levels, I think we should anticipate resistance in the 85-86 area. - Still I think the market has made a sharp turnaround and will buy on a dip.- I think there is upside towards the 100 handle going into 2018. GILD Weekly Chart(click to enlarge)