Illumina Non-GAAP EPS of $1.31 beats by $0.08, revenue of $1.16B beats by $30M
Illumina (ILMN) reported positive results with an earnings surprise that exceeded market expectations.
We considered entering after confirming an upward trend following strong earnings results. The stock formed candles above the resistance level of 215 and maintained a position above the support level of 200, leading us to make a buy decision based on the price increase that continued from 2026-08-18 to 2026-08-26.
In the ongoing upward trend following the earnings announcement, if the upward momentum that has broken through the resistance level of 215 is maintained, I will take profits at $225.0. Conversely, if the flow around the support level of 200 collapses and falls below the stop-loss price of $195.0, I will respond with a stop-loss.
The actual result received an OVERHIT rating with a return of 10.8%, riding a stronger upward trend than expected. The strategy of entering based on the confirmed upward trend after the earnings announcement, with a resistance level of 215 and a support level of 200, proved to be valid, and the candles trending upward since 2026-08-18 were effective. However, the profit-taking target set conservatively at $225.0, due to awareness of offering risks such as new stock/securities public offerings, was significantly surpassed by the actual stock price, confirming that the impact of positive news and upward momentum was greater than anticipated.
Through this transaction, we have once again confirmed the explosive potential of entering the initial phase of an upward trend accompanied by earnings surprises through data. In future trades, rather than being confined to conservative profit-taking levels when there are clear positive factors and support rebound reasons, we will incorporate flexibility into our next trading strategy by utilizing partial profit-taking or trailing stops to maximize profit potential in the event of a strong trend continuation.