Biogen Inc.(BIIB:NASDAQ) Elliott Wave Technical Analysis November 10 2022

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Biogen Inc., Elliott Wave Technical Analysis

Biogen Inc., (BIIB:NASDAQ): Daily Chart, November 10 2022, 

BIIB Stock Market Analysis: Looking for a five waves sequence to the upside to find an end soonas we are identifying a potential ending diagonal in wave 5 of (1).

BIIB Elliott Wave Count: Wave 5 of (1).

BIIB Technical Indicators:Above all EMA.

BIIB Trading Strategy:Looking for a clear three wave move pullback before considering anylong term longs.

TradingLounge Analyst: Alessio Barretta

 

 

 

 

Biogen Inc., BIIB: 4-hour Chart, November 10 2022

Biogen Inc., Elliott Wave Technical Analysis

BIIB Stock Market Analysis: There is a possibility wave 5 has already finished and we are readyto start moving lower.

BIIB Elliott Wave count: Wave {v} of 5.

BIIB Technical Indicators: Above all EMAs and RSI has formed bearish divergence.

BIIB Trading Strategy:As the RSI has formed divergence we could expect a sudden and sharpdrop anytime soon. Looking to take advantage of those short term opportunities ot the downside.