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LLY Earnings Play LONG ( Flat Bottom Triangle Breakout)
Eli Lilly and Company
Long
LLY Earnings Play LONG ( Flat Bottom Triangle Breakout)
By AwesomeAvani
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Updated
Aug 10, 2023
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Aug 5, 2023
My analysis is on the 2H. I am uniquely qualified in my fundamental analysis. This is a one
day until earnings. My thesis is the earnings will stimulate what will be a breakout from
a flat bottom triangle. I will buy one share of stock. I will spend a similar amount on
call options striking $460 expiring August 11th. I see LLY as surging while PFE is a bit
challenged with the fall off in Covid vaccine work. If you find this idea interesting and
might appreciate my ideas as to a stop loss and targets, leave a comment. Like and
subscribe. Trade well !
Aug 8, 2023
Trade active
Trade is up 25% since entry last Friday while the options contracts are up 400%.
Looking for more but taking off half the position.
Aug 10, 2023
Trade active
wlfi.com/news/soaring-sales-of-diabetes-drug-mounjaro-widely-used-for-weight-loss-sends-eli-lilly-to/article_ee3be13e-36b2-11ee-81aa-eb421ba52a89.html
AZN
bigpharma
earningsplay
flatbottomtriangle
LLY
Moving Averages
mtfrsi
obesity
Oscillators
PFE
reversalpattern
Volume
AwesomeAvani
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