Friday, January 13, 2023 8:03 AM EST
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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
![](https://talkmarkets.com/contributor/tradinglounge/user_content/ckimages/orig_biib_1_13.webp)
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}
![](https://talkmarkets.com/contributor/tradinglounge/user_content/ckimages/orig_biib_4h_638091958581396225.webp)
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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 trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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