ILMN has broken up of an inverse H&S neckline last Friday on relatively strong volume.
Let's see if the stock can make a more decisive move to the upside in the coming days. Otherwise it could continue to be choppy pending earnings release (expected on 3rd November). In any case, it looks like the bottom is in with this base formation
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
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Hi, see my comments in the updated chart. it looks like base building will take a while more for most of the stocks. While we can attempt to buy the dips, it is always risky as a bottom cannot be confirmed until on hindsight. Patience is key now.