Eli Lilly (LLY) is trending strongly higher, and I’m planning to build into the move using staggered daily buy zones inside the rising channel, each with clearly defined stops and upside targets.
As long as price keeps respecting higher lows and the channel midline, I’ll look to pyramid into strength toward the upper resistance band where the final target sits, stepping aside if we get a decisive close back below my lowest buy zone and channel support.
If you’d like to learn more about how I trade setups like this, you can find more details about me and my work in my profile bio.
As long as price keeps respecting higher lows and the channel midline, I’ll look to pyramid into strength toward the upper resistance band where the final target sits, stepping aside if we get a decisive close back below my lowest buy zone and channel support.
If you’d like to learn more about how I trade setups like this, you can find more details about me and my work in my profile bio.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.