The Long Investor
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$LLY
🕑 Added 2025-04-17 13:20:15 +0000 UTCUp +11% in the PM now and $NVO and $HIMS are down -7% each.
That being said, I believe $LLY is still in its corrective wave and a retest of the 50 WMA or the top trend line at $900 could offer some resistance here and the price could reject and confirm Wave C next.
The pull back since $974 has been too shallow for me to believe that the ABC correction is complete and I remember in July many believing that this would keep going higher and not reject at our Wave 5 level but it did and has been struggling since and has been making lower lows and lower highs.
I would not be chasing this.
