Long or short?Bounced off key fib level and put in an inside week. Long over last week's high, short below it.
Good risk/reward either way IMO
@twinstrader
LLY trade ideas
LLY head and shoulders?Could leg into this trade. 1/2 at 77.66 1/2 an R at 79.26 (if it pulls back to that level today or tomorrow)
However LLY looks like a nice H&S pattern. 200 SMA is a target. LLY doesn't have to break through that. However, if it does, 68.72 makes a lot of sense. 8/26/15
This is the set up we had from Sunday, moved faster than thoughtbut if you missed, notice it does not like to sty outside of BB's and overbought together,
LLY Potential OutbreakPick this up, while you still can. The upward channel along with stochastics are beautiful!! Make some money. If you disagree with my chart please let me know what I did wrong or what I can do better.
LLY ELI LILLY AND COMPANYI think there is a really good possibility of LLY gaining 4.4% - to 6.4% over the next couple trading sessions. All the indicators are lining up and the stochastics are getting very close to oversold, and this is looking very very nice
LLY up to its next resistance: $50.98Overall, $LLY is heading down. But, in the short term, it's making its way up the next hurdle: 50.98. Any thoughts or feedback?
LLY bad news weighing on price action. A little bad news weighing on the stock for now. Believe has good risk reward, with support from 200 sma / long term trendline / fib retrace.
