LLY to follow NVO ?
A bearish Head & Shoulders in 
LLY weekly chart (as well in daily chart).
LLY last move is stuck under a downtrend line (in white) which forms the right shoulder.
In addition, the head part forms another bearish pattern - a double top.
If the head & shoulders forms is applied,LLY may go down to its support level at $433.
The entire healthcare sector looks bad at the moment andLLY's rival 
NVO has already formed and applied a head and shoulders pattern.
WillLLY follow NVO ? time will tell but the writing is on the wall.
LLY weekly chart (as well in daily chart).LLY last move is stuck under a downtrend line (in white) which forms the right shoulder. In addition, the head part forms another bearish pattern - a double top.
If the head & shoulders forms is applied,
LLY may go down to its support level at $433. The entire healthcare sector looks bad at the moment and
LLY's rival NVO has already formed and applied a head and shoulders pattern. Will
LLY follow NVO ? time will tell but the writing is on the wall. 
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