LLY - Double Top Short

Eli Lilly and CompanyNYSE

Description

⋅ Mar 21, 2023 5:09 PM

On the chart we can see a double top occurring for LLY.
The RSI is showing a bearish hidden divergence and the last candle is bearish as well.

We are expecting it to break the current support level, and hit our target.

More details are shown on the chart.

Good luck!

Comments

Mhajda18

⋅ Mar 21, 2023 5:27 PM

IDK, the 5EMA is still trading above the 13EMA. I wouldn't sell here, but also wouldn't buy either. LLY has a lot of upside from here over the next 12 months.