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Biogen Inc., Elliott Wave Technical Analysis

Biogen Inc.,  (Nasdaq: BIIB): Daily Chart, 8 May 2023.

BIIB Stock Market Analysis: Looking for an extension higher into wave (3) as we broke previous top in wave (1).

BIIB Elliott Wave Count: Wave 3 of (3).

BIIB Technical Indicators: Above all averages.

BIIB Trading Strategy: Looking for longs on the way up into wave (3).

Analyst: Alessio Barretta

Biogen Inc.,  BIIB: 4-hour Chart, 8 May 2023.

Biogen Inc.,  Elliott Wave Technical Analysis

BIIB Stock Market Analysis: Looking for a pullback in to wave {ii} of 3 to then look for longs. We can look for equality of 3 vs. 1 as first upside target

BIIB Elliott Wave count:  Wave {i} of  3.

BIIB Technical Indicators: Above all averages.

BIIB Trading Strategy: Looking for longs on the way up into wave (3), as long as every downside pullback is a three wave move.

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