Bull Divergence Bull Divergence indicates that Brexit sell off for BIIB might be over. Considering the strong fundamentals o this company this could be a great deal at these prices.
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BIIB trade ideas
BIIB - Watch (Investment & potential swing trade)1D:
1W:
BIIB has gotten hammered and I feel it's over done. Since last gap down, it has been in a down trend with LHs & LLs. I'm hesitant to jump in until I see more technical justification. It is close to a support. I would like a retest and bullish candles before entering for a swing trade.
DoubleBottom Channel Breakout Trend Reversa, Volume ConfirmedBIIB has been in a downtrend for about 9-months. In March was the formation of a double bottom with volume confirming a reversal (left most green arrow). In May was the formation of a new lower high. This is confirmation that a new bullish trend is underway. On Tuesday, May 31st BIIB broke out both above the 200 SMA and and out of the downtrend channel on confirmed volume.
I am going to catch the next lower high and place my stop below the trend line:
Trigger (.5 fib): 264.44
Stop (.382 fib): 259.47
Target: $327.71
This trade has a reward: risk of 12:1. There is way more upside if you believe that all gaps are eventually filled or come close to being filled.
If the stock does not trigger because my trigger is too low I will look for a new entry along the lower black trend line.
The wedge is broken.Biogen Inc. wedge is broken. Also with the better than expected financial results can surge the stocks to 330-335 USD.
BIIB Set To Spring UpI see Money Flow is positive, and Chaikin Indicator shows swelling indicative of uptrend. I think Biogen is about to take off with the earnings report. It may jump as much as $20 to 30 in a day.
pennies to thousands etf out of cloud candidatemacd crossed above cloud above key ma
get on book that takes our indicators to buy efts 40 years experience know exit and entry rules
bollinger bands widening relative strength strong
cci and percent r upper range
SHORT BIIB TILL IT REACHES 235.00. OR ELSE GIVE ME JUST 1 REASONBiib is ripe for short. It has hit SMA200 on the weekly chart. The dialy pitch fork and trendlines are on this chart. The squeeze is negative. Wave C is below zero. Y would I not short this stock.. I am entering short with all I got...
BIIB, give the stock a chance.BIIB, just had a slight breakout for the second day. The stock has a chance for a bigger move to the 310s - 320s area, if the measured move works out. This will be a longer term trade. You have to give it a few months. I am long the options to take the anxiety out of the trade. This is a 2 hour chart.
Gap play in BIIBCurrently in ascending triangle. A break above the resistance will leave room for filling that 383 gap
Side Way Bottom BIIBcase 1. test dubble top break out follow call 299.30 cut 299 exit 317 (trend line)
case 2. wait and see follow break trend line 317
Time to Buy $BIIB?U can wait price to push above 304 area if that 16% measured move has a chance to achieve. It really looks strong from here but requires confirmation. The bottom bullish triangle has a good chance to achieve its measured upside move but the risk is also very high. Take small position to avoid unforeseen shocks. Real-time alerts try www.2waytrading.com
Picking a fight with the biggest guy.Biotech is all the rage, I'll play for a quickie short on this once it gets to 412ish, provided it puts on a reversal candle of some sort first.. It'll be highly technical, you have to be very surgical, it's like picking pennies in front of a train, it's like cheating death, and me likey.
A better way to play this is to sell some call spreads once it gets to 412 (RSI red hot by then, probably), that way even if it consolidates, you still get the time decay.
One shortcoming is liquidity on BIIB options is how do I put this delicately, shtty.
#BIIB bull shark&batAfter completing the bearish bat (green) to the tick possible bullish shark and bat completing at same level 280.83 for along, if the PA reaches that level.
BIIB Outside of long term trendI would not call it a short yet after todays almist 2% run for the markets, but i am not playing this long either. It went out of a long term trend, just like about everything im watching. Markets should be making a bounce, but if it fails to top the previous high, it will be a H&S pattern and won't lead much to anything. This is a big player, and so is ALXN that had a indecisive week with ups and downs for +-5%. Biotechs are quite stable regarding the whole market nowadays - i was expecting a bigger drop for them. So now i am watching ALXN, NVAX, BIIB, ARIAD and ACHN. Be cautious as one day run after 10 days slump is not something to parade yet.
BIIB. DailySymmetric Triangle brake_out.
Wolfe Waves 5 potential.
Broke 200 sma.
OBV has broken the uptrend_line.
RSI bearish.
MACD cross_over. Under 0.
Target_1 : 300
Target_2 : 292 (1-4 Line)
