Trading Idea for Biogen Inc. (NYSE)
#BIIB
The support level of 264.0 restrained sellers. The descending wave pattern is truncated. The Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions. The inclined channel of the descending pattern is broken.
Trading idea:
Trading idea:
Buy on the breakout of 271.64.
Stop Loss: 264.00.
Target levels: 284.50; 290.00.
