ILMN close to daily support trendlineILMN looks to be getting closer to daily support trendline
MACD seems to be preparing for its return to zero
RSI testing March-April-May support
ILMN trade ideas
ILMN - Might be an opportunity According to Traders-Paradise's Algorithm, #ILMN has a high chance of going up
More opportunities: Traders-Paradise.com
Illumina Is Breaking OutIllumina had some surprisingly bullish price action earlier in the year. Now, after some consolidation, the bulls may be coming back.
The main feature on ILMN’s chart is the tight ascending triangle with a top around $457.50, which the stock is breaking today.
Next is the MACD cross on the weekly chart. This is potentially important because ILMN was dramatically overbought in February. Momentum slowed as it pulled back and stabilized, and now this cross suggests the shorter-term action is turning bullish again:
Another pattern on the weekly chart is the bounce around $400. This level was near the 2020 high, which means old resistance has become new support.
There’s also been a shift in favor of health care, which is the second-best performing sector in the last two weeks. Biotechnology stocks like ILMN, in particular, got a boost after the FDA approved Biogen’s Alzheimer’s drug on June 7.
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Illuminia ILMN triple bottom reversal breaking out
This could be a triple bottom or an inverse head and shoulders depending on your interpretation. Seems today this broke out of both formations and had a failed attempt to get through a very nearby resistance at $431.19
I'm a buyer with a close at $432 or above but also wouldn't be surprised to see a slight pull back to the head and shoulders line of the $420 range for a second entry opportunity. It should act as a support level now the shape is broken.
For extra encouragement it looks like 21 day and 50 day SMA are due to cross. Also worth waiting for this move to play out before entering. For those of you with a preference for EMA I'm guessing it already crossed but check for yourself.
ABC Bullish Earnings 5-27 AMCEarnings are today after market closes.
No recommendation.
ILMN is volatile as a rule so be safe (o:
great chart request! nice volatile stock herewe saw a big fakeout breakout/bull trap recently here, but RSI needed to cool down so the pullback makes sense. top trendline resistance is trying to act as support now. over 440 we can see another rally to 500+. goodluck! dont forget to like and follow <3
ILLUMINA (ILMN) Powerful Buy Signals.ILLUMINA (ILMN), D1: Mirror level + Bollinger bands + 2 Hammers + Hidden divergence + Sell off
Lights on bullsHere I drawn some trend lines of support and resistance; they form a bullish triangle, so I will go long on ILMN.
The target price is around the resistance line, but it can continue to reach the maximum price ever. I will close the long position if the support line will be crossed down.
ILMN - Bullish MomentumILMN seems like it has enough momentum to reach 500. I would look for it to stay above it's 20ma.
NASDAQ:ILMN Possible Breakout Opportunity (Longer Term)I like the Weekly setup on this NASDAQ stock, the full breakout target if reached would be near the Yearly R1 (DeMark) Pivot @ ~490
The bullish channel might however first see price hit resistance around 450, with a retest of the lower boundary and breakout level @ ~400
ILMN Stocks for 2021 Looking to Illumina price now that earnings are knocking at the door, as you can see we are in a kind of Rangin Zones for ILMN price, anyway his Fundamental for a long term stil realy valuable in my opinion, We traced some of the most importants keys levels as support and resistence adding just the last trendline we are looking for a breakout or a confirm as a support. Biotechnologys industries are supposed to grow but we always recommend to investors for attention because this market is getting bigger day by day and competitors could be able to take a slice from this Big Profitable Pie.
ILMNMID-TERM: Cup and handle with 4hr hidden bullish divergence, also a gap to fill upwards. (Not financial advice)
$ILMN - still recovering from its break up with ARK I am going to see if this can get past the $371.64 area and if it does, I will be picking up some common shares.
ILMN wants to be back in ARK's good graces and once it makes the necessary changes for ARK, we could see a rapid jump as ARK repositions with large buys.
long from 310-15, stop 305, take 350now we have support - above 50MA and 20EMA. bounced from strong support area, with Baiden i'm bullish on pharma
ABC BullishILMN fell from a long term rising narrowing wedge that was obviously bearish..
Looks to have found a bottom..
ABCD patterns are actually a measured move down and is usually a correction pattern within a larger pattern..
R overhead as there is with any security that has pulled back this far...
The long term trend is up..takes a lot of energy to change a trend..
Bollinger bands are contracting a bit..NV and OBV are high showing interest..short interest 3%
Not a recommendation
