Eli Lilly and Company
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Rectangle

85
Descending triangle that is neutral until a trendline is broken.

The Rectangle is also a neutral pattern.

Upgraded by analysts.

Also a possible H&S pattern.

No recommendation
Nota
Possibly overvalued. I am short and buying more when this pops up.
If this makes it past the descending triangle trendline, I will hang until it reaches the rectangle top trendline.
Price is well above the .236 of the trend up.
Nota
Sometimes the obvious is not so obvious?
I guess u may need an idea where the puck has been.

Having an educated guess where this puck may go can gives a hint of where it may go/or not?

Nothing lasts forever

Penafian

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