A bearish Head & Shoulders in
LLY weekly chart (as well in daily chart).
LLY last move is stuck under a downtrend line (in white) which forms the right shoulder.
In addition, the head part forms another bearish pattern - a double top.
If the head & shoulders forms is applied,
LLY may go down to its support level at $433.
The entire healthcare sector looks bad at the moment and
LLY's rival
NVO has already formed and applied a head and shoulders pattern.
Will
LLY follow
NVO ? time will tell but the writing is on the wall.
In addition, the head part forms another bearish pattern - a double top.
If the head & shoulders forms is applied,
The entire healthcare sector looks bad at the moment and
Will
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