Biogen has a monster trade brewing here, can't afford to miss this trade. I've been trading it actively since they received FDA approval for their Alzheimer's drug a while back.
The current setup looks very strong and implies a massive uptrend can start from right here.
Best of luck!
Ivan Labrie.
The current setup looks very strong and implies a massive uptrend can start from right here.
Best of luck!
Ivan Labrie.
Trade closed: stop reached
It's uncertain if support will hold here but this area should prove to be support if the monthly uptrend has any merit.
If it doesn't move any higher in one more month it's probably going to erase the breakout move. You can see it has failed to trend after hitting the upper Bollinger band, illustrating the point that the stock remains range bound long term.