, 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.

Thread 👇👇👇

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
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with malteseinvestor

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!