Illuminia ILMN triple bottom reversal breaking out
This could be a triple bottom or an inverse head and shoulders depending on your interpretation. Seems today this broke out of both formations and had a failed attempt to get through a very nearby resistance at $431.19
I'm a buyer with a close at $432 or above but also wouldn't be surprised to see a slight pull back to the head and shoulders line of the $420 range for a second entry opportunity. It should act as a support level now the shape is broken.
For extra encouragement it looks like 21 day and 50 day SMA are due to cross. Also worth waiting for this move to play out before entering. For those of you with a preference for EMA I'm guessing it already crossed but check for yourself.
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