The_Unwind

BIOGEN / BIOTECHNOGY STOCKS.. READY FOR A BULL MARKET BLASTOFF !

Long
NASDAQ:BIIB   Biogen Inc.
If one is looking for reasons why this supposed aging bull market cannot go on, and continue much, much longer
than the conventional wisdom would portend, then I am suggesting that you look immediately at the new found,
and potentially strongest industry group to lead the next phase of the bull market, THE BIOTECHNOLOGY STOCKS !

On 7/6/18, BIOGEN Gained almost 20 %, for a large cap stock that was quite an exceptional move, confirmed by VOLUME
as large money flowed into the stock on successful phase 1 test results on a drug to treat Alzheimer's Disease !

On a 4 Hour Chart, BIOGEN has been building a very Bullish Cup Pattern, since the Low at 249.17 on 4/24/18
The 2018 High of 370.24 on 1/26/18 is now easily within reach,
and on a measured BREAKOUT move above resistance,the stock would project to 491.31 !

Bottom Line : Biotechnology Stocks, lead by BIOGEN appear ready for a NEW BULL MARKET BLASTOFF !

THE_UNWIND

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