Will the Ascending Triangle hold or fail? Plot your targets on the chart.
Bullish continuation pattern.
Sideways movement between parallel supports.
Technical analysis of Lilly (Eli) (LLY) reveals a significant setup. Price has moved to $1196.03 (0.86%) amidst recent volatility. The primary technical feature is a Ascending Triangle formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $1249.45, targeting $1419.68 with support near $1134.4 (R:R 1.48).
What is your outlook on LLY?