Analyzing the options chain and the chart patterns of ILMN Illumina prior to the earnings report this week,
I would consider purchasing the 195usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $8.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward...
ILMN
Pin Bar
Close Above Level
Retest of Level (Bull Engulfing Candle) (Engulfs Previous Two Candles)
Pin Bar
Inside Candle
Wick Rejection
Bull Candle (Close Price = 386.59; High Price = 386.59)
Potential Reward:Risk Ratio
Looking to Illumina price now that earnings are knocking at the door, as you can see we are in a kind of Rangin Zones for ILMN price, anyway his Fundamental for a long term stil realy valuable in my opinion, We traced some of the most importants keys levels as support and resistence adding just the last trendline we are looking for a breakout or a confirm as a...
Beware of the obvious trend.
Take extreme cautious when it cross 380.
There might be another bounce back before continuing its long journey.
Trade safe and stay healthy.
