FDA meeting is November 6th for Alzheimer's drug
I don't see any impulse patterns here. There is an Elliott triangle that just happened, but this is a part of a correction, hence bearish. Goaling for the floor first in blue, then the two fib targets after that if there is more gas for the downward move. NFA
Hey traders, I was searching for potential pivot points for long call opportunities and I came across Biogen NASDAQ:BIIB and thought to myself "Hey! This looks good!"... that is until I saw they're expected to report earnings tomorrow. But otherwise, take a look at the chart above. One thing you will see...is that its been trading within a range. I highlighted...
DAILY MACD: BUY DAILY DMI: +DI CROSSING UP -DI HOLDING ON DOUBLE FLOOR OF A BULLISH TL IF IT CLOSE UP THE OLD GAP RES I SAY 1ST OBJECTIVE ON 0.618 FIB RETRACEMENT ($330) LET SEE. TELL ME WHAT YOU THINK
BIIB: Anticipated BIIB Elliot waves (daily chart)
Hi guys, me again. Let’s get on with some more signals. EURUSD – the price is in a resistance at 1.13. If the price holds above – long with a target at 1.1340, but if it’s a false breakout, short with a target at 1.1260 GBPUSD – the price got a bounce for the level at 1.25, I recommend a short with a target at 1.2430 USDCAD – the price is in a range...
My custom-coded indicators are pointing to a move higher in BIIB based on the latest weekly candlestick. The signal is weaker but still present and it appears to be bullish over the next few weeks.
BIIB closed the week around +25% as news regarding a crucial patent ruling came out in the company's favor. With the company's earnings also higher than the forecast, investors seem upbeat with the stock's dynamics. Even though the 1D chart turned overbought (RSI = 75.219, MACD = 6.690), on the weekly chart there is still a clear Resistance Zone at 370.00 - 389.00...
255/260/325/330 credit was $1.48 Exp Dec 20th. Deltas were pretty high. 0.34 and 0.3 so I plan to exit this trade at 30% of max credit. I bought a double spread on this. I will exit the trade at $1 to buy back the spread and profit $96 on this trade. I plan to exit this trade before December 5th as CTAD congress is on that date which will add more risk to my...
Pattern is pretty clear on where the stock is going. Had large spike, now its going to cool off.
An outstanding example for those who doesn't understand exhaustion gap.
An intermediate-term basing bottom created by Dark Pool Quiet Accumulation completed with a High Frequency Trader gap up to a resistance level recently. BIIB retraced due to Pro Traders taking profits.
Massive gap down on March 21 & stock spent the last seven months consolidating before the massive gap up yesterday on positive drug news. Can the stock hold this gap up? I want to see it continue to close above $280 as it consolidates at this new level, then you can get another move up...assuming no bad news comes out about that Alzheimer's drug. If the price...