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Eli Lilly (LLY) has experienced significant volatility recently. The stock reached new highs and saw substantial trading activity, with buyers purchasing $1 million worth of February $1180 calls. Despite this, LLY has dropped over 13% in three days, prompting some analysts to suggest that the 50% retracement and 50-day simple moving average (SMA) might be a good entry point for bulls. Additionally, a dip to the $800-$810 support area could attract further buying interest. AI analysis also rates LLY as a strong buy with a score of 9/10, indicating a high probability of outperforming the market in the next three months. Traders have been employing the 900 Pscyh Strategy, which has been taught for years, to potentially achieve 500% gains.
$LLY has come down in a hurry, down over 13% in three days. For bulls, perhaps this 50% retrace and 50-day sma is worth stepping into. The larger support area I am watching is $800-$810. A dip to this area would represent an 18% decline and likely draw in buyers IMO - at… https://t.co/TGhktB4LLl
$LLY #recap Home run there 50$/share short Simple Psych Level Strategy 900 Pscyh Strategy I been teaching for years! Hold your runners for 500% Gains!! @TENETTRADEGROUP https://t.co/MfggYKo3Rk
For our #AI, $LLY is a BUY (AI Score 9/10) based on the probability of beating the market in 3 months after analyzing 10,000 fundamental, technical, and sentiment stock features. Complete AI-powered $LLY analysis: https://t.co/aNhnCxou9b https://t.co/u5Ea43HjkU
