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LLY

$BIIB: Update, get long!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 long $LLY and have been trading in and out of $BIIB trying to time the end of the long slide since the FDA approval news came out. I think the time is now, to get in and sit tight. I've banked my $LLY exposure, but both companies will likely do well with their Alzheimer's treatments going forward and have solid trends, but the reward to risk favors $BIIB, so I'm only long Biogen currently. Best of luck! Cheers, Ivan.
NASDAQ:BIIBLong
by IvanLabrie
Flat on Eli Lilly. LLYWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NYSE:LLYShort
by Rykin_Capital
LLY longEntry price: 243-245$ Target price: 283$ Stop loss: 240-243$ Bollinger Bands: The price is under the lower band. RSI: Indicator crossed the 30 level, therefore the assets is oversold. Conclusions: RSI and Bollinger Bands suggests upcoming trend reversal. However the price already crossed the 1.618 Fibonacci Retracement level, thus the entry price is recommended above that line with the stop loss under 243$ in case of continuation of the trend and retesting the new resistance level at that point. Above information should be treated in informative/education purpose, no financial advice.
NYSE:LLYLong
by vf_investment
Ely Lilly: Testing the Bear Algorithm (Entry 1)I've developed a bearish algorithm/screener that screens for stocks with identified selling pressure / trend followed by a dead cat bounce that is likely to fail - which we will attempt to short. I'm trying to combine trend following and VFI trading principles for the coming bear market. Components: 1. 200 EMA: below current market price (this is so we don't get stuck in short squeezes and such) 2. 50 day moving average above current market price (we want past clearly identified weakness over a sufficiently long period) 3. 10 day moving average below current price (we want a stock that has attempted to rally from the lows) 4. CMF<-0.1 (we want to screen out bottoming patterns such as Inverse Head and Shoulders whenever we can) 5. Moving Averages Ratings: Buy, Neutral, Sell - we don't anything with strong MA momentum indicators, and we don't want to be short squeezed. 6. Market Cap, Price, volume requirements
NYSE:LLYShort
by dtingbudong
1
11:30 InflectionsYears ago when I was learning to trade and studying under my mentor he told me that day trading was best done in just the 90 minutes from 10:00am EST to 11:30am EST. This makes a lot of sense. The 9:30am to 10:00am opening time is very volatile for stocks. Traders are rushing to open or close positions before many have made their decisions to put orders into the book so price can swing wildly. This could present opportunities if one were on the right side of them but finding consistency within this time gap is more challenging. Around 11:30am is getting close to lunch hour but more importantly when the European markets close. The logic is that trading is about to decrease as traders take a break. More importantly though with the close of Europe there will be less volume coming from across the pond. In my Discord I have often been asked "when should I take profit???" which is a question I always avoid. Every trader is responsible for their own trades. When this question comes up though I will share the wisdom of my years which is "look for an exit around 11:30am". "Not always" but "often enough" this is where price will tend to do an inflection. It is a simple timing mark to watch and it does in fact work as a good guideline. NYSE:LLY was a good example of this. The 11:30am timing element was amplified by the fact that it was also a Friday meaning not only was Europe closed for the day but also closed for the week. LLY is an international company so there was undoubtedly international trading going on with the stock. Now that you've seen it remember to take note of this timing element in your own trading!
NYSE:LLY
by norok
8