On 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...
Looking at this weekly chart it looks to me that sellers finally capitulated the week of November 13, 2023. Since then, it is mostly green accumulation, and it is holding price on lower and lower volume.
You can see the flat base as identified with the LevelUp chart. I had a position earlier this week and stopped myself out for no gain. I re-entered today in...
Illumina at 90$ ish to a 5x
The wix is giving green and very low. The rsi is showing oversold and ready to turn upward.
Support shows we could go as low as 79 but anything around this area seems a value buy.
An 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...
This long downtrend that never gave a valid signal, is showing again a new Bullish Alert with attempt of crossover.
Price action is still negative on both timeframes, but let's wait for a new signal to confirm our combo.
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...
Just 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....
$ILMN gapped down
Jan 20 190 P were selling for $7.3+ on gap down
Risk reward worth, took stab
#stocks #options
-
Up 50% in a few minutes
But will hold $ILMN Puts, believe it goes higher
Gap @ 204
On the chance we get put, doubt it, but in the chance, it's in a channel 180 - 240
-
Daily in a nice channel
ILMN 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...
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...
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...
This is @HHSPN, 's pick, apparently there's some good news.
Looking at 2W RSI ILMN is already very deep value assuming that the greater trend is to continue. It has only once been below current value back in 2011.
Thats said it looks like its going lower here to the blue band, also considering wicked rejection through resistance.
Its probably a good buy here...
Most biotechs are set to rally into 2023 following suppression and release of $XBI through institutional channels. Components inside of $XBI that initially contributed to its rise and gains over the years will be the source to start the process again.
The PEAD projected a Bullish outlook for $ILMN after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
Green Trend Line is a strong uptrend and has been seen as a position of support in past
I believe the drop could go further below as can be seen on the bottom Horizontal red line, these both are similar situations
Its either this or the Green Trend Line hodls
The PEAD projected a Bullish outlook for $ILMN after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
ILMN No doubt is on a downtrend and yesterdays bullish engulfing candle rebound may indicate short covering rally. Hence, we are buying on a short-term temp upside correction.
