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