Winallday310
Short

LLY | GAP | Quick Profits | $15 GAP | Very Short Term |

NYSE:LLY   ELI LILLY AND COMPANY
LLY will just bearish in the short term, while it fills the gap near $140.

1. Our first confirmation is that the 21 moving average is very far away from the current price at $160. We can see a sharp pull back from the resistance level at $160.

2. The fib retracement has reached 1.161%, which is a massive gain for bulls forcing them to take profits.

3. LLY could fill the gap in the near terms, or come back in the future to give a chance to buyers from $140 - $155 to acquire the stock. If the market doesn't allow the buyers, then is considered somewhat inside trading.

4. Looking at the RSI , we see a straight line up, and we call this a rubber band effect since there are high chances of it snapping back.

I would wait until the end of the market to do your best.

Comments

New follower. Curious if ur outlook or opinions on ALDX longer term.

Or IDEX mid term?

I know it’s a large ask & just really looking to get a tiny read on them.

Trying to trade what I c not what I want to c

If u have the time I’m sure ur busy doing DD
Reply
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