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ILU trade ideas

$NASDAQ:ILMN - analysis of annual cot levelsNASDAQ:ILMN Please remember that this idea does not constitute investment advice. After a personal analysis of the institutional value of the COT, buy and sell program levels are outlined. Since the asset is at its minimum, the idea is to wait for the price to head inside the buy program, wait for a swing to form in the direction of the target level (the first sell program) and open the trade at the break of this. The position is medium-term (from 1-2 weeks to 1-2 months); without financial leverage and the maximum profit area is that outlined by the sell program. Personally I do not use stop loss as the trade does not involve the use of financial leverage, however if a level for the stop loss were to be identified, this would be below the buy program. For any clearly ask me.
NASDAQ:ILMNLong
by enr_monaco
ILMN Long PositionHi traders, Taking a closer look at Illumina, Inc. (ILMN), we can observe the formation of a falling wedge pattern over the past few weeks, indicating a potential bullish reversal. Illumina, a leading developer of life science tools and integrated systems for large-scale analysis of genetic variation and function, has faced some market challenges recently. However, the company's strong market position and innovative capabilities suggest significant underlying strength. The falling wedge pattern is characterized by converging trendlines, where both the highs and the lows are declining, but the highs are falling faster than the lows, forming a wedge shape that slopes downwards. This pattern often indicates a potential reversal from a downtrend to an uptrend. As ILMN approaches the apex of the falling wedge, a breakout above the upper trendline could confirm the bullish reversal. Entering a long position upon confirmation of the breakout appears favorable. 1st Take Profit: 195.21 2nd Take Profit: 366.5 Final Target: 523.98
NASDAQ:ILMNLong
by vf_investment
ILMN Bullish ComebackOn the 12 month timeframe, or yearly supercycle, ILMN seems to be consolidating enough these first 3 months into 2024 to ultimately flip to the upside with maximum bull force. The company has a solid catalyst with AI facilitating the end goal of a super biopharma product that perhaps all humanity may have to rely on: a panacea. This panacea may come in the form of a machine that prompts the users exactly what symptoms they have, and produce a medicine that cures said symptoms. Something very well regulated and sophisticated enough to fuel the bull run of the decade for ILMN. A merger should be the cherry on top, and maybe the BNGO merger prophecy comes to fruition, but this only time will tell.
NASDAQ:ILMNLong
by JuanLagos94
Ending diagonal heralds the beginning of a prolonged bear marketAn ending diagonal starting from March 2020 is seen on the chart for ILLUMINA. This pattern usually signals exhaustion at the end of a bull cycle and the start of a bear market. As seen on the log scale (monthly or weekly), ILLUMINA has been slowly losing momentum for the past decade. Although it may be too early to call this, all long term investors of ILLUMINA must take this into account and should consider the ramifications of holding for the imminent future.
NASDAQ:ILMNShort
by lonercapitalist
2
ILMN - Wyckoff AccumulationJust thought I would share that ILMN appears to align with Wyckoff Accumulation patterns as it began to form a complex base from June last year. The 200 day moving average is now begining to flatten out with the stock making a few attempts to rise above it since this year. For those with patience, any dips in the coming days will be an opportunity to accumulate. However momentum traders will prefer to see a break above it's horizontal resistence @ 249 to initiate Longs. You can read more about Wyckoff pattern here. school.stockcharts.com Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:ILMNEducation
by Juliac
16
ILMN - inverse H&S breakupILMN has broken up of an inverse H&S neckline last Friday on relatively strong volume. Let's see if the stock can make a more decisive move to the upside in the coming days. Otherwise it could continue to be choppy pending earnings release (expected on 3rd November). In any case, it looks like the bottom is in with this base formation Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:ILMNLong
by Juliac
3
ILMN - Inverse H&S breakup, can it be trusted?An inverse H&S that formed over the last 5 months cummulating in a breakup yesterday. The marked increase in volume in the past week is encouraing and while the low of 173 on 17July (69% fall form it's peak) is likely to be "the low", it is probaby prudent to only buy small amounts now (in view of overall market volatility) and to add if we we a dip back towards the neckline (but not back below). We would have more conviction that an uptrend is underway if and when price could at least clear the horizontal resistence @ 259. There is nothing wrong should one prefer to wait till it can clear this level before establishing a trade as sometimes it's better to be later but surer. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:ILMNLong
by Juliac
ILMN - Inverse Head & Shoulders Looking the huge volume accumulation in the last 3 days, there is a chance that ILMN is going to breakout of an inverse H&S neckline soon. So let's watch! If it does break up, it should not retrace below the neckline again (if it does, consider this a failed inverse H&S). Theoretical inverse H&S targe @ 308 (which incidentally is also the 38% fibonacci retracement of it's peak to bottom swing (AB) Manage positions with trailing stops Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:ILMN
by Juliac
1