LLY trade ideas
Projection on ELI LILLY AND COMPANYHello traders, ELI LILLY AND COMPANY is on a bullish trend line, tenative of sellers aborted on a large volume, preparation to break the compression zone and mounted to seek the highest.
Please LIKE & FOLLOW, thank you!
FDA approves Lyumjev(TM) (insulin lispro-aabc injection), Lilly'LLY: Eli Lilly and Company
2020-06-15 22:21:00
FDA approves Lyumjev(TM) (insulin lispro-aabc injection), Lilly's new rapid-acting insulin
LLY | GAP | Quick Profits | $15 GAP | Very Short Term |LLY will just bearish in the short term, while it fills the gap near $140.
1. Our first confirmation is that the 21 moving average is very far away from the current price at $160. We can see a sharp pull back from the resistance level at $160.
2. The fib retracement has reached 1.161%, which is a massive gain for bulls forcing them to take profits.
3. LLY could fill the gap in the near terms, or come back in the future to give a chance to buyers from $140 - $155 to acquire the stock. If the market doesn't allow the buyers, then is considered somewhat inside trading.
4. Looking at the RSI, we see a straight line up, and we call this a rubber band effect since there are high chances of it snapping back.
I would wait until the end of the market to do your best.
$LLY Oversold - Bullish Hammer on Daily Chart$LLY Oversold - Bullish Hammer on Daily Chart
Pennant formed on shorter time frame charts. Bounce move could be imminent.
Short term target - $148.00
Could quickly see $152.00 if upper down-trend line is broken.
Note: Meant to be educational, not investment advice.
LLY on the edgeAbout to lose daily support, needs a daily close below. Will it happen? I don't know, but if it does... we test some levels below. If this day closes above probs retest the highs / make new highs.
Eli Lilly and Company (LLY) long.All description on the chart.
Please, don't forget to like and follow.
Thank you.
LLY- The most bullish Pharma firmLLY has been very bullish since and I am forecasting a potential bullish flag formation with price travelling to the support and 38.2% retracement level.
Swing trade possible on a strong relative stock LLYwill be watching the blue line support very close, and holding above will be good signal to look long for a few days.
LLYwe have two senario:
if the market forcefully breaks the 0.78 fibo level there will be a probability of going towards the 0.61 fibo level.
and if the market breaks the level1 fibo with force there will be a probability to go up more.
if you liked this idea or have your opinion on it, write in the comments.
DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you.
Eli Lilly and Company [ NYSE: LLY ]Eli Lilly and Company
Pending Order Placement
Entry Placement 164.50
Take Profit Placement 183.89
Stop Loss Placement 151.57
