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Analysis: #NASDAQ $BMRN

Case 182 #BioMarin Pharmaceutical Inc.

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

#BMRN 1/4
Chart 1
Weekly Chart: Price continues to trade in a wide 4 year range 106.75 - 62.15 - we shall favour the upside as price holds above 75.80. Good #support at 84.20 (off the rising #trendline) and further below the #SMA 20 at .....

BMRN 2/4
..... 83.58. To the upside immediate #resistance seen at 98.80/90 then 106.20. A weekly close above 109.50 is required to target formidable resistance 126.60/90

BMRN 3/4
Chart 2
Daily Chart: The #Strategy is printed on the image.

$BMRN 4/4
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