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Eli Lilly and Company
Long
Updated

LLY Potential buy setup

558
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
Trade active
TP1 was hit, moving SL to BE
Note
Bearish divergence forming on daily, some profits can be taken here as well. Price 38% up from entry
Note
Double top forming on daily timeframe
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LLYllybuynysestockstobuystocktradingTrend Analysis
TradeWithParas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.