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Sep 1, 2022 5:08 PM

$LLY Setting up Nicely for a Call Long

Eli Lilly and CompanyNYSE

Description

LLY Bouncing off 302 (.681) Fibonacci. Trendsi indicators are almost connecting for a call opportunity. Green EMA (Middle line), Money Momentum flowing right on top of the EMA. As well the RSI right at 40. Waiting for the Buy Signal to confirm movement to the upside. Even with Powell speech, LLY was not really affected by it. Still trading within its zone when the Fibonacci was place back in 16 June 2022.
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