Rising wedge! First stop around 330$-320$. Then back 240$ to 180$.
This week a Twitter user bought a blue tick by spending $8 to post a fake tweet "insulin will be free now". Major Insulin producer LLY erased $30 billion in market cap. in a single day. Fundamentally this stock has a huge P/E ratio, in spide, there still has growth potential for that underlying. IMO LLY will retest new highs.
the health services and health technology sectors were the first to receive investment and bullish speculative pressures as the dollar fell that is, drugs and vaccines never go into crisis .. even LLY has never even dropped below the 200 daily moving average this year, like very few stocks and has now confirmed a bullish symmetrical triangle, I buy now and on GAP...
This is a low risk high reward gem. 90,000 employees is too many, look for a lay-off announcement to drive down price allowing for an ideal entry at $30.00
Order SELL LLY NYSE Stop 325.50 LMT 325.50 will be automatically canceled at 20230101 00:00:00 EST LLY daily indecision candle overpriced at all time high retest gap with exhaustion volume.
study(title="BestIntradayTips", shorttitle="BIT", precision=0, overlay=true, scale=scale.left) trendDetectionLength=input(2) showDistributionBelowZero=input(false, type=bool) mov = close>close ? 1 : close= dif wave=(trend != nz(wave )) and isTrending ? trend : nz(wave ) vol=wave==wave ? (nz(vol )+volume) : volume up=wave == 1 ? vol :...
Eli Lilly and Company is showing a strong momentum ahead of earning report. its one of by favorite ones. --TradeWise--
$LLY daily chart. IT closed nicely on Friday even though most of the stocks were down a lot. After an up move, it is now moving sideways inside this rectangular range. Looks ready for next upmove once we break this range on the upside. Once we break above 335, looking for a 8% up move in this one.
Eli Lilly and Company ( NYSE:LLY ) Sector: Health Technology (Pharmaceuticals: Major) Market Capitalization: $315.073B Current Price: $331.60 Breakout price: $334.70 Buy Zone (Top/Bottom Range): $314.00-$292.90 Price Target: $364.20-$367.50 (2nd) Estimated Duration to Target: 112-120d (2nd) Contract of Interest: $LLY 10/21/22 350c Trade price as of publish...
Comparing two points of price and MACD The MACD is very similar in both points, very over extended This correlates well with the 1.618 fib level, which allows price to move down along the circle as the MACD retraces, as seen in the first scenario (0.618)
Way overbought on all technicals, looking for a pullback to $270 range in the next week or so. Will add every $2 increase in stock price up. Will cover at or under target.
Eli Lilly and Company ( NYSE:LLY ) Sector: Health Technology (Pharmaceuticals: Major) Market Capitalization: $253.61B Current Price: $266.30 Breakout price: $270.95 (hold above) Buy Zone (Top/Bottom Range): $262.45-$247.10 Price Target: $308.00-$310.40 Estimated Duration to Target: 84-90d Contract of Interest: $LLY 6/17/22 300c Trade price as of publish date:...
Short term and temporarily. Immediate targets 257, 263, 272. Invalidation 232. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and...
I think it warrants making a new publication here, $BIIB has flashed a buy signal with tremendously good reward to risk, as it can resume the long term trend that can take it over $1600-2600 over time. Phase 3 clinical trials have gone really well for their Alzheimer's treatment 'Aduhelm', putting it in line with results obtained by $LLY's drug 'Donanemab'. I was...
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
LLY has provided a nice long opportunity with the recent break above the major trendline This breakout is comparable to a previous point, which led to a large megaphone price structure Price will likely stay above the trendline and climb within the megaphone (attempted to roughly sketch what it would look like)
Welcome to our Weekly V2-Trade Setup ( LLY ) ! - 4 HOUR Small pullback towards previous sr level. DAILY Expecting more bullish pa! WEEKLY Overall great market structure. - STOCK SETUP BUY LLY ENTRY LEVEL @ 241.21 SL @ 231.90 TP @ Open Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our...
Pulling back towards a potential buying zone ( 257.80 - 255.85) Below that area we have a trendline that could also offer support. Will wait for either a rejection off the buying zone or a break of the triangle