Eli Lilly (LLY) has basically turned sideways since the February 16 High. The dominant pattern is a Channel Up since the March 07 2023 Low and can be divided into 3 Bullish Waves that delivered rallies between +45% and +52%. Every time the price hit the 1D MA50 (blue trend-line), it was a buy opportunity. The 1D RSI in particular has a Buy Zone, which coincided...
In the complex, competitive and unpredictable pharmaceutical, Eli Lilly and Co (LLY) is a notable player that is gaining even more notoriety. The company is currently making significant strides in diabetes care and weight loss medications; however, these advancements have not come without their challenges. It has recently experienced periods of management...
Reasons for bullish bias: - Entry is at breakout of HH - DOW theory, SL at last HL - Respecting trendline Entry Level: 655.60 Stop Loss Level: 565.08 Take Profit Level 1: 746.12
The stock is showing promising signs of an upward trend. what's your view ?
Looking for a retest of the 735 -740 area to go long. Target Price is in white.
LLY shown on a daily chart has doubled in the past year with the introduction of new FDA approved drugs into the market. It has but out a series of favorable earnings reports with optimistic realistic guidance and glowing analysts' forecasts. It has done so without any volume pumps and just keeps grinding higher. This is because it is in the shadows of big...
Eli Lilly (LLY) gave us the best possible buy entry at the bottom of the Channel Up last time we gave a call on it (December 14 2023, see chart below) and not hit our $705.00 Target but also aggressively broke above the pattern: In order to grasp the magnitude of that move, this time we zoom out on the 1W time-frame where we see the long-term pattern since...
LLY has had a good quarter and is rebounding after a sell off due to it being over extended, the a break over 775 in the coming days can send it easily to 795 and perhaps the psychological 800 mark.
If you haven`t bought LLY before the previous earnings: Then analyzing the options chain and the chart patterns of LLY Eli Lilly prior to the earnings report this week, I would consider purchasing the 680usd strike price Calls with an expiration date of 2024-2-16, for a premium of approximately $15.35. If these options prove to be profitable prior to the...
I hope you appreciated my rhyme. So what to say about this. One main trend line at the moment. Big support incoming at 580 to 560 range. Really big support at 108. The lines in the middle (light green and red) are fairly weak and more likely short term targets. I assume the long term targets will line up well with the gaps which are marked in orange. Orange...
Eli Lilly (NYSE: NYSE:LLY ) has once again defied expectations, propelling its stock to new heights with a stellar fourth-quarter performance that surpassed even the most optimistic forecasts. The pharmaceutical giant's earnings report, released early Tuesday, showcased a remarkable surge in both revenue and adjusted earnings, fueled by the successful launch of...
Eli Lilly - NYSE:LLY Earnings Rep: $2.49 ✅ Exp: $2.29 - 8.45% HIGHER Revenue Rep: $9.35b ✅ Exp: $8.94b - 4.55% HIGHER Company Summary Eli Lilly is the worlds 9th largest company by market cap at $670b and they have reported positive earnings and revenue both coming in higher than expected for Q4 2023. The pharmaceutical giant booked fourth-quarter...
LLY has given a very good breakout on channel. It is look for target of 700 and 740 very soon
Current price action is overbought based on Rsi indicator however the buying momentum is staying solid, look for price to continue leading into earnings after market close on tuesday. Of the last 16/26 bullish weekly candlebars price has consecutively made higher highs with roughly 38% bearish or selling pressure within that timeframe. Based on the current up...
2024 Trading Challenge Entry #2: Diary of an Option Trader 💡 Trade Overview: I noticed LLY soaring on the TradingView stock heatmap today. Observing the monthly chart of AMEX:XLE (healthcare sector), it has been mostly sideways for years. However, in the past two days, NYSE:LLY has demonstrated strong bullish movement with increasing volume, indicating a...
Let"s have a look at LLY chart on the 4 hours time frame. LLY has been in upsloping channel. And the price has been creating higher lows and higher highs. We expect the price to retest upsloping support and to continue the upward trajectory. The long position can be taken at the upsloping support and target would be at the upsloping resistance. Good luck
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the...
NYSE:LLY Double Top Pierce A double top is a bearish reversal pattern in technical analysis that often signals a potential trend reversal in an asset's price. This pattern typically occurs after an uptrend and is identified by two peaks at approximately the same price level, separated by a trough or a pullback. Here's a breakdown of the double top pattern: 1....