BIIBCL trade ideas
SHORT BIIB TILL IT REACHES 235.00. OR ELSE GIVE ME JUST 1 REASONBiib is ripe for short. It has hit SMA200 on the weekly chart. The dialy pitch fork and trendlines are on this chart. The squeeze is negative. Wave C is below zero. Y would I not short this stock.. I am entering short with all I got...
BIIB, give the stock a chance.BIIB, just had a slight breakout for the second day. The stock has a chance for a bigger move to the 310s - 320s area, if the measured move works out. This will be a longer term trade. You have to give it a few months. I am long the options to take the anxiety out of the trade. This is a 2 hour chart.
Gap play in BIIBCurrently in ascending triangle. A break above the resistance will leave room for filling that 383 gap
Side Way Bottom BIIBcase 1. test dubble top break out follow call 299.30 cut 299 exit 317 (trend line)
case 2. wait and see follow break trend line 317
Time to Buy $BIIB?U can wait price to push above 304 area if that 16% measured move has a chance to achieve. It really looks strong from here but requires confirmation. The bottom bullish triangle has a good chance to achieve its measured upside move but the risk is also very high. Take small position to avoid unforeseen shocks. Real-time alerts try www.2waytrading.com
Picking a fight with the biggest guy.Biotech is all the rage, I'll play for a quickie short on this once it gets to 412ish, provided it puts on a reversal candle of some sort first.. It'll be highly technical, you have to be very surgical, it's like picking pennies in front of a train, it's like cheating death, and me likey.
A better way to play this is to sell some call spreads once it gets to 412 (RSI red hot by then, probably), that way even if it consolidates, you still get the time decay.
One shortcoming is liquidity on BIIB options is how do I put this delicately, shtty.
#BIIB bull shark&batAfter completing the bearish bat (green) to the tick possible bullish shark and bat completing at same level 280.83 for along, if the PA reaches that level.
BIIB Outside of long term trendI would not call it a short yet after todays almist 2% run for the markets, but i am not playing this long either. It went out of a long term trend, just like about everything im watching. Markets should be making a bounce, but if it fails to top the previous high, it will be a H&S pattern and won't lead much to anything. This is a big player, and so is ALXN that had a indecisive week with ups and downs for +-5%. Biotechs are quite stable regarding the whole market nowadays - i was expecting a bigger drop for them. So now i am watching ALXN, NVAX, BIIB, ARIAD and ACHN. Be cautious as one day run after 10 days slump is not something to parade yet.
BIIB. DailySymmetric Triangle brake_out.
Wolfe Waves 5 potential.
Broke 200 sma.
OBV has broken the uptrend_line.
RSI bearish.
MACD cross_over. Under 0.
Target_1 : 300
Target_2 : 292 (1-4 Line)
The upper boundary of the cloud can serve as a stop line.The upper boundary of the cloud can serve as a stop line.
The upper boundary of the Cloud is a good support.The lower boundary of the Cloud is a good level to place the stop order .
The movement may continue up to the upper border of the channel.The movement may continue up to the upper border of the channel.
Stop can be moved up seven percent.EMA 50 now serves the same support as before EMA 200. That is why, now stop line can be moved there. Here we must note that the picture is becoming more positive. The Ichimoku Cloud is no longer resistance.
Finally confirmed the trend line and the pattern "a Cup with a handle".
