$LLY 3 Months Cup with Handle Setup$LLY also being added to the watch list. putting in a 3 month cup with handle after an impressive uptrend.
Strong demand coming up the right hand side of the cup.
LLYC trade ideas
LLY - Weekly Chart BoDWeekly chart shows second Buy on Dip signal near Resistance turned Support Zone and uptrend line at 220
Current price to support is around 12% (i.e 12% risk if to place your SL at below 220)
Strong and nice uptrend
FiFT Turned +ve
under Healthcare Tecnology Sector.
Earnings on 26 Oct BMO
ROE 102%, EPS this y 37%
Gross Margin 74%
Analyst target 270
Risk Reward Ratio pretty attractive but i would prefer to wait after Earnings.
$LLY Bullish Pennant, Unusual Options Activity$LLY Bullish Pennant, Unusual Options Activity
$360M of January'22 deep in-the-money calls bought today (8-9x open interest)
On watch for a daily close outside the pennant (topside).
Near term target: $300-$310 range possible by early December
Note: This is NOT investment advice.
LLY moving to the top of this range.Just like my last post this is highlighting LLY moving up. Just with arrows this time lol
LLY moving to the top of this range.Looks as though it is moving to the top of the range I provided.
LLY ShortBearish engulfing
At Resistance Zone
Short Entry 240
Stop 247
Target1 205 -- next demand Zone
Target2 192 -- ABC pattern
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Potential 2down 2up reversal on the weekly chart for LLYPer the Strat, this week I'm watching ticker LLY (Eli Lilly & CO) for a weekly entry trigger at 235.39 (last weeks high). If that trigger is met, I'll look for it to reach a magnitude of 241.15 (week before last weeks high). If it can reach magnitude, then it could also continue up to previous highs. Just look out for exhaustion risk to the upside if it continues up after the original 241.15 magnitude.
LLY longEntry price: 243-245$
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.
LLY (PRICE ACTION) Buy
The term band trend is upward in weekly time
If you pay attention, in time H1 or H4, an upward triangle is created, just like the previous upward triangle, which caused a strong upward movement of the chart, and now it is inside an upward triangle, and by approaching the ceiling, you can buy and wait for a strong upward movement. Let's be
Capital management must be observed
Thank you for liking and commenting
$LLY with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LLY after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66%.
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$LLY with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $LLY after a Negative Under reaction following its earnings release placing the stock in drift D
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LLY (Eli Lilly & Co.) - Slight pull-back then bullish finishEli Lilly and Company
Eli Lilly and Company is a global healthcare leader that unites caring with discovery to make life better for people around the world. They were founded more than a century ago by a man committed to creating high-quality medicines that meet real needs, and they remain true to that mission in all their work. Across the globe, Lilly employees work to discover and bring life-changing medicines to those who need them, improve the understanding and management of disease, and give back to communities through philanthropy and volunteerism.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Current quarter has given a fall in price
- Looking for a lower Slo Stochastic signal on price pullback before entry
- Expectation for the price to then move to MID or HIGH point over the quarter period
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!
LLY - Bullish Momentum BuildingLLY appears to have support holding. And a minor resistance trend line breakout.
See chart for target and stop loss
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
$LLY Eli Lilly Reversal targets
Indicators are signaling a sustained move higher for lly.
Reclaimed 8ema as support on Monday.
Volume beginning to increase
Eli Lilly - interesting spot between old and new trendIf it falls from here, it will test again at the mean line from the old trend at about 171.
If it goes up, it will test at the upper border around 192. Breaking resistance there makes 209 the next bigger test and potentially 217 possible.
