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.
Earnings Miss OUCH! I guess ILMN will not hit the last 3 targets either this go around. Earnings can mess everything up )o:
Waiting on a bottom to form.
Seems of late, earnings are risky business. Stocks that beat like BL are zooming down to. Maybe value coming back? Who knows
I've already outlied in detail the short-term bullish thesis with target 440, as well as the longer term one with target 655; see my previous posts, they are still 100% valid. Yesterday's decisive breakout of the almost 2 year consolidation is just the last piece of solid evidence for the bullish case, and, in my opinion, the nail in the coffin for ILMN bears. You...
