$LLY stupidly overpriced, it needs to correct. Short

Eli Lilly and CompanyNYSE

Description

⋅ Jun 28, 2023 12:28 PM

TA only. Forget about P/E or news. Price is well outside it's main up trending channel and it's very likely that it will reverse course soon. I'm looking into buying long expiration puts on this. NFA!

Trend Analysis

Comments

AMIT-RAJAN

⋅ Jun 28, 2023 8:23 PM

Trend is looking bullish, i didn't get the logic of go short can you please explain i am eager to know, many thanks in advance