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Biogen Inc.(BIIB:NASDAQ) Elliott Wave Technical Analysis 23 March 23


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Biogen Inc., Elliott Wave Technical Analysis

Biogen Inc., (BIIB:NASDAQ): Daily Chart, 23 March 23,

BIIB Stock Market Analysis: It has been moving as expected from the previous forecast as we seem to have found a bottom in wave C. Looking for upside resumption.  

BIIB Elliott Wave Count: Wave C of (2).

BIIB Technical Indicators: 200EMA as support.

BIIB Trading Strategy: Looking for further upside.  

TradingLounge Analyst: Alessio Barretta

 

BIIB_3_23.png.c9053d292f9bfe1e071c75464fc346f4.png

 

 

Biogen Inc., BIIB: 4-hour Chart, 23 March 23,

Biogen Inc., Elliott Wave Technical Analysis

BIIB Stock Market Analysis: Here we see a potential leading diagonal into wave {i} and we could be seeing a pullback in wave {ii}. Looking to find support within the next trading session or else the count will be compromised.  

BIIB Elliott Wave count: Wave (c) of {ii}

BIIB Technical Indicators: Between the 20EMA.  

BIIB Trading Strategy: Looking for longs after a clear resumption of the uptrend.

BIIB_4H.png.e75d1723092b539decc1c4159e7c3577.png

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