LLY daily - is in the bull flag which could be nice and could be bullish if the price breaks out through the upper blue dotted line.
Volume decreased last two days which is bearish because the price went up at a lower volume. Price is moving around 8, 20, and 50 days MA which could indicate a strong move pretty soon.
RSI is neutral.
MACD histogram tick is smaller while the MACD line turns and starts to move up which could be bullish if continue to do so. It also has small bullish divergences.
Overall: LLY could have a strong up move if it moves very strongly above the upper blue dotted line and close there. Long trade would be triggered if the price moves strongly on a bigger volume than the last 20 days' average volume, or if the day is closed above that dotted trend line.
Have in mind that it also looks like an SHS reversal pattern, therefore, I said LLY needs a powerful move for a long position.
LLY is a strong/bulling fundamental stock therefore would be traded only long.
Volume decreased last two days which is bearish because the price went up at a lower volume. Price is moving around 8, 20, and 50 days MA which could indicate a strong move pretty soon.
RSI is neutral.
MACD histogram tick is smaller while the MACD line turns and starts to move up which could be bullish if continue to do so. It also has small bullish divergences.
Overall: LLY could have a strong up move if it moves very strongly above the upper blue dotted line and close there. Long trade would be triggered if the price moves strongly on a bigger volume than the last 20 days' average volume, or if the day is closed above that dotted trend line.
Have in mind that it also looks like an SHS reversal pattern, therefore, I said LLY needs a powerful move for a long position.
LLY is a strong/bulling fundamental stock therefore would be traded only long.
Consistency is the key of success....