Eli Lilly is facing problems after the earnings presentation
Updated
🔴 Eli Lilly is facing problems after the earnings presentation
LLY has broken an especially important support and is now in free fall. Avoid buying it now.
The break also activates the bearish double top and that means that the $550 is the target of the pattern. If you look close to the chart, the volume appears in the $550-600 area, which is very similar to the double top target price.
$725 is the last support before a free fall to under $600.
LLY has broken an especially important support and is now in free fall. Avoid buying it now.The break also activates the bearish double top and that means that the $550 is the target of the pattern. If you look close to the chart, the volume appears in the $550-600 area, which is very similar to the double top target price.
$725 is the last support before a free fall to under $600.
Trade closed: target reached
The market has not moved as expected, the 1st take profits has been reached but not the long one. The SL has been paid with the 1st TP money.
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