LLY price action suggest that the stock is likely to complete its extended corrective structure. IF successful, the stock will likely to rally higher as the stock has completed the last leg of the E wave of the 5-wave expanded falling wedge structure. MACD has perform a crossover at the bottom and histogram has turned positive. Mid-term Stochastic Oscillator has confirmed the oversold crossover. 23-period ROC is positive.
Target is 870.00 and 1010.00 over the longer-term period.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.