4LLY 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
ELI LLY $LLY#ELILLY is swinging up and down. so it is time to go down? one of the best performers among the us stocks.
More Bullish Momentum Evidence LLYIf the powerful US stock market rally is just a counter trend move in a developing bear market, why is a large company LLY stock making a new all-time?
This stock could be the first of many in the new bull market.
Thanks to Trading View member Pardis for noting LLY made a bullish break out.
Mark
