2017 has been a big year for Gilead Sciences $GILD. The weekly price chart shows a market that has been in bearish correction since mid-2015 when price retreated from around 123 down to about 63.85 in 2017. However, since cracking 64, price has rebounded sharply. We saw price break above a falling resistance and push the weekly RSI above 70, signs that the market might be shifting back to the bullish mode. GILD Weekly Chart(click to enlarge)Key Resistance:- There was no surprise that price stalled around 85. This entire 85-90 area is an area of support/resistance pivots. - It also involves the 200-week simple moving average. - Basically, clearing above 90 would be a major bullish continuation signal.- But even before that, the daily chart is showing that the bullish scenario is brewing.Consolidation:- The daily chart shows that price has been consolidating since September when it tagged 86. - Now, price is holding above 80 and the RSI is holding above 40, signs that bulls are still in charge. - If price closes above 83.30 this week, GILD would likely but on a bullish continuation attempt in the coming weeks with 86 and 90 in sight. Again, if GILD clears 90, we should anticipate a bullish push towards the 100 handle. - Now, if I am wrong and the correction continues, we should still have a bullish outlook. The next key support will be around 76. - The final line of defense for the bullish scenario is around 72. A break below that should invalidate our bullish continuation scenario.GILD Daily Chart(click to enlarge)