BIIB has broken out of triangle triangle formation on strong signals from super guppy and MACD indicators. I expect this breakout to continue on both its solid technical's as well as the strong sentiment in regards to BIIB's potential ceiling. Two crucial stories to watch going forward are the potential appeals court reversal related to their multiple sclerosis...
its a great longterm play if you got in a while ago! id wait for the top trendline to break to get long but this is a good reward if you use a tight stop on shares. but be careful if support breaks theres no floor on this one. it could be a nasty dump. goodluck :)
we are looking at 100 dollars of upside after this final top line breaks! dang thanks for the request.. on my watchlist now :) leave a like if you enjoyed my idea <3
Massive move today on positive drug new. May to be tough to get an entry on this as I don't want to chase.
I will be looking for price to consolidate at the highs with good volume. Not interested if price has wild swings.
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Now, in the world of healthcare stocks, there are aplenty that one can invest in. My concern is its revenue growth is choppy and its involvement in Covoravirus - is it a long term play or seize the market opportunity thing ??
So, on fundamentals and peers to peers comparison, you may have to dig deeper if you want to invest in this...
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
