LLY: On The Brink Of Collapse

17 באוג׳Eli Lilly is the one stock I've made the most returns on this year. With it's violent up and down swings, it's exactly what you look for as an options trader. As I've been observing LLY over the last few weeks, I decided to go back in time again to the origins of this monstrous parabolic move and share it with you all. If you look at the smaller time frames, you will see that LLY has filled it's gap target to the upside, but there are so many gaps to the downside. When the market does decide to fall hard, I believe LLY will fall the hardest. Is this not the perfect stock to fit the old adage, "THE BIGGER THEY ARE, THE HARDER THEY FALL?" Once LLY breaks below 747, the next targets are well below the current price. This means BIG returns for options traders. I don't see much more upside for this stock (if any), so the downside potential will play favorably.

PT1 747 PT2 609

Targets are 1 to 2 months.

19 באוג׳

הערה

I will be moving future posts to my Patreon page patreon.com/FiboTrader1

Best of luck the rest of the week!

We are heading down within the next 3 trading days

20 באוג׳

הערה

Double top. Targets remain the same