Here I drawn some trend lines of support and resistance; they form a bullish triangle, so I will go long on ILMN.
The target price is around the resistance line, but it can continue to reach the maximum price ever. I will close the long position if the support line will be crossed down.
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...
Illumina is the worldwide leader in genetic sequencing.
Illumina's earnings over the next few years are expected to double, indicating a very optimistic future ahead.
With less than 0.02% of humans having been sequenced and 99% of the variants discovered in the genome having not yet been deciphered, Illumina, at only $3.4 billion of TTM revenue, is still in its...
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