lauralea

Descending Triangle

NYSE:LLY   Eli Lilly and Company
This one broke to the upside and also broke the resistance of the rectangle.

There must have been a good news event but I am not sure.

I guess we just never know!

No recommendation.


This breakout is almost exactly the height of the wide end of the triangle so far. It could go higher but measuring the wide end and projecting it from the point of the breakout is a one way to guesstimate a target
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