1. Playing the bearish divergence here.
2. Not seen here, but a rise in selling pressure (volume) was seen at the end of the trading day on Friday (4/28).
3. RVOL is slightly up, which is this case shows the bearish volume is higher than typical AKA above average.
4. Oscillator divergence starting to break down as price simultaneously makes newer highs.
2. Not seen here, but a rise in selling pressure (volume) was seen at the end of the trading day on Friday (4/28).
3. RVOL is slightly up, which is this case shows the bearish volume is higher than typical AKA above average.
4. Oscillator divergence starting to break down as price simultaneously makes newer highs.
Trade closed manually
LLY had good news after good news and broke out to the upside with approvals by the FDA for a diabetic drug. There was another with positive news a few days later which pushed it even higher.
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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.