LLY
ELI LLY $LLY#ELILLY is swinging up and down. so it is time to go down? one of the best performers among the us stocks.
ELI LILLY bounce long This drug company sign agreement with another company for some kind of treatment for virus that is going global and also the daily and one and four hour chart is showing a nice trade set up for intra day long
LLY - DAILY CHARTHi, today we are going to talk about LLY and its current landscape.
We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above.
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ELI LILLY and Company -LLY- Long - Bulissh Divergence and TailBullish divergence on the weekly and on the daily I see a missing right shoulder bullish divergence.
After this strong price recejection, I expect a move up at least to this projected target zone. From there on, it could move up even more, but the trade is here to find a nice exit and perhaps reenter, or partially stay in this trade.
If the reversal looks real solid, I might stay in the trade and setup a trailing stoploss.
Entry will be around 110, but I first will see how the market opens on monday.
Entry: 110.20
Exit: 117-120
SL: 105
R/R: 1:1,4 up to 1:2,0
LLY: Two peaks sell signal I think the stock has finished the 5th Elliott wave on the daily chart as there is an AO indicator divergence and Bill Williams` trading signal "Two peaks" for sell. Going short using levels that are marked on the chart.
Buy Stop Set in LLY within the BaseA buy stop order has been set in $LLY at 116.60 following the formation of a VCP pattern within a very tight base.
Initially looking for a 2:1 risk-reward.
LLY Double Top All time High 2018Despite stocks market downfall LLY is thriving for bullish pattern. However based on TA this waves is going to turn out soon.
Reasoning for this includes double top on all time high price; Second reason provided by MACD and sch RSI both shown a short opportunity for 35 M timeframe.
To be on safe side if the wave was constructed for correction towards bullish. the middle green line will be a indicator for diagonal support turning point ( around 110) due to previous year short trend was near nil possibility.
A possible downtrend coming on LLY, Again, the newby guy here, i think a possible downtrend coming on LLY with the formation of the pennant flag.
LLY Eli Lilly: Where can we buy?This stock has been in a correction for about a year now and it looks like it is not done yet. Looking to the price history on the left we can see that we could soon hit strong support starting from $60.00 which is basically the top of a $48-60 price channel. So I would be looking to buy anywhere below $60 if we re-enter that channel (yellow box). I don't expect price to just move through this channel, just like we cannot just break through a herd of cows crossing the street while driving. In addition, if we copy the move from the swing highs to swing lows from 2015-2016 we can see that an equal move would end right around $60 as well, providing a further reason for entry.
LLY- ShortLLY forming a potential head & shoulder. Break below 82 will be good to enter in to a short trade. There are weakness in weekly frame as well.
LLY head and shoulders?Could leg into this trade. 1/2 at 77.66 1/2 an R at 79.26 (if it pulls back to that level today or tomorrow)
However LLY looks like a nice H&S pattern. 200 SMA is a target. LLY doesn't have to break through that. However, if it does, 68.72 makes a lot of sense. 8/26/15
LLY Potential OutbreakPick this up, while you still can. The upward channel along with stochastics are beautiful!! Make some money. If you disagree with my chart please let me know what I did wrong or what I can do better.
LLY ELI LILLY AND COMPANYI think there is a really good possibility of LLY gaining 4.4% - to 6.4% over the next couple trading sessions. All the indicators are lining up and the stochastics are getting very close to oversold, and this is looking very very nice
