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.
This can go either way. My overall market sentiment is bearish, which is why I am short. However, if somehow this is an extension of a new wave forming this looks like it has room to run and break upper channel. Update soon to come.
ILMN Pin Bar Close Above Level Retest of Level (Bull Engulfing Candle) (Engulfs Previous Two Candles) Pin Bar Inside Candle Wick Rejection Bull Candle (Close Price = 386.59; High Price = 386.59) Potential Reward:Risk Ratio
Im looking to buy when the price touch or complete the Gartley Harmonic pattern. Let set our Take profit at .382 and .618.
Short entry for ILMN predicted by our AI algorithm. The time horizon of the prediction is approximately 5 days.
Short entry for ILMN predicted by our AI algorithm. The time horizon of the prediction is approximately 5 days.
Short entry for ILMN predicted by our AI algorithm. The time horizon of the prediction is approximately 5 days.
Long entry for ILMN predicted by our AI algorithm. The time horizon of the prediction is approximately 5 days.
ILMN looks to be getting closer to daily support trendline MACD seems to be preparing for its return to zero RSI testing March-April-May support
According to Traders-Paradise's Algorithm, #ILMN has a high chance of going up More opportunities: Traders-Paradise.com
Illumina had some surprisingly bullish price action earlier in the year. Now, after some consolidation, the bulls may be coming back. The main feature on ILMN’s chart is the tight ascending triangle with a top around $457.50, which the stock is breaking today. Next is the MACD cross on the weekly chart. This is potentially important because ILMN was...
This could be a triple bottom or an inverse head and shoulders depending on your interpretation. Seems today this broke out of both formations and had a failed attempt to get through a very nearby resistance at $431.19 I'm a buyer with a close at $432 or above but also wouldn't be surprised to see a slight pull back to the head and shoulders line of the $420...
Earnings are today after market closes. No recommendation. ILMN is volatile as a rule so be safe (o:
we saw a big fakeout breakout/bull trap recently here, but RSI needed to cool down so the pullback makes sense. top trendline resistance is trying to act as support now. over 440 we can see another rally to 500+. goodluck! dont forget to like and follow <3