I like the Weekly setup on this NASDAQ stock, the full breakout target if reached would be near the Yearly R1 (DeMark) Pivot @ ~490
The bullish channel might however first see price hit resistance around 450, with a retest of the lower boundary and breakout level @ ~400
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...
I am going to see if this can get past the $371.64 area and if it does, I will be picking up some common shares.
ILMN wants to be back in ARK's good graces and once it makes the necessary changes for ARK, we could see a rapid jump as ARK repositions with large buys.
ILMN fell from a long term rising narrowing wedge that was obviously bearish..
Looks to have found a bottom..
ABCD patterns are actually a measured move down and is usually a correction pattern within a larger pattern..
R overhead as there is with any security that has pulled back this far...
The long term trend is up..takes a lot of energy to change a...
good entry for long here :) target recent highs but imo this is ready to head to 500 and even higher. long and strong , you want to buy shares and never sell ! or grab some calls . use bottom trendline as a stop loss. gl :)
There are some rising wedges in the chart but ILMN has fallen from them and seems to have recovered
ABC patterns are often found close to the bottom
Possible stop under C or under 288
Just an observation
ILMN is short-term to mid-term bearish, long term- bullish. Relief bounce is overdue as the selling pressure seems to be overheating and could soon be exhausted.
ILMN is still a leader in gene sequencing with roughly 70% market share, but its short-term prospect is damaged by waning consumer interest and tariff.
Looking for daily close above 275 and weekly...
Rising wedge?
It would take a significant pull back for me to consider getting in but wish I had seen this one closer to break out
B/O from C&H a while back and this one seems like she will never come down..right now anyway
Handle low is at 332.5
Earnings are 8-4 BMO
Stock would need to fall to 342ish or below to break the bottom trend line of the rising wedge. ...
Illumina, Inc. is an American company. Incorporated in April 1998, Illumina develops, manufactures, and markets integrated systems for the analysis of genetic variation and biological function.
Buy and hold above $380 area.
