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Biogen Inc., Elliott Wave Technical Analysis

Biogen Inc., (Nasdaq: BIIB): Daily Chart, 23 March 2023.

BIIB Stock Market Analysis: It has been moving as expected from the previous forecast as we seem to have found a bottom in wave C. Looking for upside resumption.  

BIIB Elliott Wave Count: Wave C of (2).

BIIB Technical Indicators: 200EMA as support.

BIIB Trading Strategy: Looking for further upside.  

Analyst: Alessio Barretta

Biogen Inc., BIIB: 4-hour Chart, 23 March 2023.

Biogen Inc., Elliott Wave Technical Analysis

BIIB Stock Market Analysis: Here we see a potential leading diagonal into wave {i} and we could be seeing a pullback in wave {ii}. Looking to find support within the next trading session or else the count will be compromised.  

BIIB Elliott Wave count: Wave (c) of {ii}

BIIB Technical Indicators: Between the 20EMA.  

BIIB Trading Strategy: Looking for longs after a clear resumption of the uptrend.

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