Elliott Wave Technical Analysis: Biogen Inc.

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Biogen Inc., Elliott Wave Technical Analysis

Biogen Inc., (Nasdaq: BIIB): Daily Chart, 13 January 23,

BIIB Stock Market Analysis: We are looking for further downside into wave C which could take us back to the area of wave 4.

BIIB Elliott Wave Count: Wave {c} of B.

BIIB Technical Indicators: Above all averages

BIIB Trading Strategy: Looking for shorts into wave C.

Analyst: Alessio Barretta

Biogen Inc., BIIB:4-hour Chart, 13 January 23,

Biogen Inc., Elliott Wave Technical Analysis

BIIB Stock Market Analysis: We are missing one more leg higher into wave {c} of B which could be used for short-term trades. After that, we’ll start looking for shorts.

BIIB Elliott Wave count: Wave {c} of B.

BIIB Technical Indicators: Above all averages

BIIB Trading Strategy: Looking for shorts into wave C, we could get resistance at equality of {c}vs. {a}


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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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