$LLY Bullish Pennant, Unusual Options Activity $360M of January'22 deep in-the-money calls bought today (8-9x open interest) On watch for a daily close outside the pennant (topside). Near term target: $300-$310 range possible by early December Note: This is NOT investment advice.
Just like my last post this is highlighting LLY moving up. Just with arrows this time lol
Looks as though it is moving to the top of the range I provided.
Entry price: 243-245$ Target price: 283$ Stop loss: 240-243$ Bollinger Bands: The price is under the lower band. RSI: Indicator crossed the 30 level, therefore the assets is oversold. Conclusions: RSI and Bollinger Bands suggests upcoming trend reversal. However the price already crossed the 1.618 Fibonacci Retracement level, thus the entry price is recommended...
CHWY Daily TF Broke the downtrend and forming nice channel up. Trading above the 20/50 day ema. Ideally would like to see a a dip to 75-76 retesting bottom channel line for a dip entry but break of 81 looking at 86. Targets: 81,86, 93
LLY appears to have support holding. And a minor resistance trend line breakout. See chart for target and stop loss
I've developed a bearish algorithm/screener that screens for stocks with identified selling pressure / trend followed by a dead cat bounce that is likely to fail - which we will attempt to short. I'm trying to combine trend following and VFI trading principles for the coming bear market. Components: 1. 200 EMA: below current market price (this is so we don't...
the reversal has already started
I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue this. Stay tuned great live stream and quality...
LLY why is in striking distance of highs also is very consolidated on the daily chart. with Q4 earnings are great. Over all earnings are strong with alot of demand for its COVID product. 207.5 buy point with about 25 point for growth.
ELI LILLY AND COMPANY short and target is demand area stop loss is up supply area close one hour . thanks .....
I am a long term investor in LLY for many years along with a swing trade turned into a long term hold from back in November. Today there was a nice pullback from the post-Earnings retracement for an addition.
Buy Jun-18-21 110 Puts @ 1.35 Limit to Open NYSE:LLY
NYSE:LLY Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong 100%.
Years ago when I was learning to trade and studying under my mentor he told me that day trading was best done in just the 90 minutes from 10:00am EST to 11:30am EST. This makes a lot of sense. The 9:30am to 10:00am opening time is very volatile for stocks. Traders are rushing to open or close positions before many have made their decisions to put orders into...
The beauty of studying price action is that a trader can apply their skills to ANY instrument, timeframe, and market. Just as the 50% retracement works in cryptocurrency it of course works in stocks. This happens to be a trade that I was able to catch. It took more than a day to trigger when NYSE:LLY pulled back to the 50% retracement for a 4th time. A very...