LLY to follow NVO ?
A bearish Head & Shoulders in 
LLY weekly chart (as well in daily chart).
LLY last move is stuck under a downtrend line (in white) which forms the right shoulder.
In addition, the head part forms another bearish pattern - a double top.
If the head & shoulders forms is applied,LLY may go down to its support level at $433.
The entire healthcare sector looks bad at the moment andLLY's rival 
NVO has already formed and applied a head and shoulders pattern.
WillLLY follow NVO ? time will tell but the writing is on the wall.
LLY weekly chart (as well in daily chart).LLY last move is stuck under a downtrend line (in white) which forms the right shoulder. In addition, the head part forms another bearish pattern - a double top.
If the head & shoulders forms is applied,
LLY may go down to its support level at $433. The entire healthcare sector looks bad at the moment and
LLY's rival NVO has already formed and applied a head and shoulders pattern. Will
LLY follow NVO ? time will tell but the writing is on the wall. 
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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.