ILMN - Not Bottomed Yet

dRends35 Updated   
NASDAQ:ILMN   Illumina, Inc.
This is @HHSPN, 's pick, apparently there's some good news.

Looking at 2W RSI ILMN is already very deep value assuming that the greater trend is to continue. It has only once been below current value back in 2011.

Thats said it looks like its going lower here to the blue band, also considering wicked rejection through resistance.

Its probably a good buy here but perhaps a great buy in that band and/or if RSI equals 2011 and hits 24.

Not advice.
Looked again and following the star this has now printed a longer wicked hammer and is holding the area so it looks like it is actually the 1:1 fib not the 1.618 the will find the low here and the current area will become a shakeout reversal pattern below the fib.

So in a nutshell its a buy right here. But not advice ofc.

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