$BIIB: Monster trade, brace yourselves
Updated
Biogen has a monster trade brewing here, can't afford to miss this trade. I've been trading it actively since they received FDA approval for their Alzheimer's drug a while back.
The current setup looks very strong and implies a massive uptrend can start from right here.
Best of luck!
Ivan Labrie.
The current setup looks very strong and implies a massive uptrend can start from right here.
Best of luck!
Ivan Labrie.
Comment
It's been two months since the signal and the stock got stuck at resistance once again.It's uncertain if support will hold here but this area should prove to be support if the monthly uptrend has any merit.
If it doesn't move any higher in one more month it's probably going to erase the breakout move. You can see it has failed to trend after hitting the upper Bollinger band, illustrating the point that the stock remains range bound long term.
Trade closed: stop reached
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