Despite stocks market downfall LLY is thriving for bullish pattern. However based on TA this waves is going to turn out soon.
Reasoning for this includes double top on all time high price; Second reason provided by MACD and sch RSI both shown a short opportunity for 35 M timeframe.
To be on safe side if the wave was constructed for correction towards bullish. the middle green line will be a indicator for diagonal support turning point ( around 110) due to previous year short trend was near nil possibility.
Reasoning for this includes double top on all time high price; Second reason provided by MACD and sch RSI both shown a short opportunity for 35 M timeframe.
To be on safe side if the wave was constructed for correction towards bullish. the middle green line will be a indicator for diagonal support turning point ( around 110) due to previous year short trend was near nil possibility.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.