$LLY - RC -
Added 2023-08-16 12:40:27 +0000 UTCGetting into extended territory now for its Wave 5 and we can see some parabolic moves too.....possibly on the strength and popularity of their weight losing super drug, speaking to a doctor recently in Ireland too and he said that 33% of all calls he receives now are about this drug.....so it is certainly translating into sales in Europe, as well as the US now.
This has run from $100 to $541 since 2020, assisted by Covid and this wonder drug, their product execution has been phenomenal but no stock escapes an ABC correction, especially not one as extended as this, as I have said before, I have never seen a stock price go beyond the 4.618 Fib and that sits at $625 here.
I suspect it will have no issue making it as far as the 3.618 Fib at $557.
