Eli Lilly and Company

Symmetrical Triangle

50
This pattern is neutral until a trendline is broken with a trend in that direction.
Price has hit the resistance line of the triangle twice with a candle wick with the 2nd attempt to break the resistance today. The bottom trendline is support until broken.

Short percent is very low and under 1%.

There is a suspicious W in this chart. There are rising wedges below price that are not valid as the bottom trendline has not been broken.

No recommendation.

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