, 9 tweets, 4 min read
Analysis: #NASDAQ: #BIIB

Case 17 #Biogen Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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BIIB 1/9
Current #trend points towards further strength but resistances above remain formidable. Good two way action seen on today's #bullish bar, so far the top of the gap at 320.14 has not been filled. Further above other resistances are 357, 366, 372, 387 and 392. ...

BIIB 2/9
..... A break/close above 403 sets sights on 415/17 then the all time high 442.49 for 484-506. To the downside support begins 251, 248, 242/36 and then 222/22 below 215 targets 195, 175 then 143.

BIIB 3/9
Chart 1
Monthly Chart: Resistance and supports identified.

BIIB 4/9
Chart 2
Monthly Chart: Today's strong up move has broken way above the resistance area 248-253. #Fibs added on the swing low. Further resistances above are 365/72 area.

BIIB 5/9
Chart 3
Weekly Chart: Cluster resistance from previous support located around 388/92.

BIIB 6/9
Chart 4
Daily Chart: Unfilled Gaps. At 366.01 - 353.41 and 320.14 - 235.77. Today's high has not yet filled 320.14. And we now have another gap between 284.07 - 221.75

BIIB 7/9
Chart 5
Daily Chart: Price currently trading below today's top of the gap.

BIIB 8/9
Chart 6
Weekly Chart: The strategy - see the image.

BIIB 9/9
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