By
Peter Mathers
of
Trading Lounge
Thursday, October 13, 2022 4:55 AM EST
Biogen Inc., Elliott Wave Technical Analysis
Image: Biogen
Biogen Inc., (BIIB): Daily Chart, October 13 2022,
BIIB Stock Market Analysis: Moving as predicted, Looking for this pullback to this support as we have had a huge gap to the upside.
BIIB Elliott Wave count: 2 of (3).
BIIB Technical Indicators: We broke through all averages.
BIIB Trading Strategy: Looking for long on this last pullback, as soon as we can identify a five wave move on shorter timeframes.
TradingLounge Analyst: Alessio Barretta
Biogen Inc., BIIB: 4-hour Chart, October 13 2022
Biogen Inc., Elliott Wave Technical Analysis
BIIB Stock Market Analysis: Looking for this wave 2 to come to an end soon as we have approached the 20EMA and it is currently acting as support.
BIIB Elliott Wave count: {c} of 2.
BIIB Technical Indicators: 20 EMA acting as support.
BIIB Trading Strategy:Looking for a break of wave {B} at 265$ to have further confirmation for longs.
More By This Author:
Elliott Wave Technical Analysis: Ripple, Thursday, Oct. 13
DAX 40 Index Chart And Forecasts
Elliott Wave Technical Analysis: PepsiCo Inc.
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 ...
more
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.
less
How did you like this article? Let us know so we can better customize your reading experience.