BIIB DOUBLE FLOORDAILY MACD: BUY
DAILY DMI: +DI CROSSING UP -DI
HOLDING ON DOUBLE FLOOR OF A BULLISH TL
IF IT CLOSE UP THE OLD GAP RES
I SAY 1ST OBJECTIVE ON 0.618 FIB RETRACEMENT ($330)
LET SEE. TELL ME WHAT YOU THINK
BIIB
Signals For 23/06/2020Hi guys, me again. Let’s get on with some more signals.
EURUSD – the price is in a resistance at 1.13. If the price holds above – long with a target at 1.1340, but if it’s a false breakout, short with a target at 1.1260
GBPUSD – the price got a bounce for the level at 1.25, I recommend a short with a target at 1.2430
USDCAD – the price is in a range between 1.36 and 1.35and tried to get a bounce from the bottom, so you can long with a target at 1.36, if the price impulses out the bottom and forms and entry, you can short with a target at 1.34
Oil- the price tried to hold above 40.50, so I expect a bounce from 41/50. If a reversal pattern forms – you can long with a target at 41.50. If it breaks out and holds below, you can short with a target at 39.
AMD - the price is in a consolidation between 55.50 and 54. I’m feeling bullish, so I expect a breakout follow by an entry pattern, after which you can long with a target at 57.50
BIIB - the price is in a range between 270 and 260, so we once again have to wait for a reaction. If it impulses out the top, you can long with a target at 285. If it impulses out the bottom, you can short with a target at 240.
CDNS - the price tried to break an all-time high last session, but holding above 94, I recommend you long with a target at 97.
That’s about it, I hope you found this useful, have a good day.
Bullish move triggered on the BIIB weekly chartMy custom-coded indicators are pointing to a move higher in BIIB based on the latest weekly candlestick. The signal is weaker but still present and it appears to be bullish over the next few weeks.
Biogen: Sell opportunity.BIIB closed the week around +25% as news regarding a crucial patent ruling came out in the company's favor. With the company's earnings also higher than the forecast, investors seem upbeat with the stock's dynamics. Even though the 1D chart turned overbought (RSI = 75.219, MACD = 6.690), on the weekly chart there is still a clear Resistance Zone at 370.00 - 389.00 which has been holding since 2016.
The fact that the 1W candle pulled back making a big wick right after it entered the Resistance Zone, indicates that traders looked to book profits first. We see this as a strong sell opportunity towards at least the 267.00 Gap or even the 246.70 Symmetrical Support.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
BIIB Iron Condor255/260/325/330 credit was $1.48 Exp Dec 20th.
Deltas were pretty high. 0.34 and 0.3 so I plan to exit this trade at 30% of max credit.
I bought a double spread on this. I will exit the trade at $1 to buy back the spread and profit $96 on this trade.
I plan to exit this trade before December 5th as CTAD congress is on that date which will add more risk to my position.
I need to exit on the 4th of December. Max loss will be $148 or $296 on the double spread.
BIIB dropping month of DECPattern is pretty clear on where the stock is going. Had large spike, now its going to cool off.
BIIB Basing Bottom Gaps UpAn intermediate-term basing bottom created by Dark Pool Quiet Accumulation completed with a High Frequency Trader gap up to a resistance level recently. BIIB retraced due to Pro Traders taking profits.
BIIB - Can it hold the line?Massive gap down on March 21 & stock spent the last seven months consolidating before the massive gap up yesterday on positive drug news. Can the stock hold this gap up? I want to see it continue to close above $280 as it consolidates at this new level, then you can get another move up...assuming no bad news comes out about that Alzheimer's drug. If the price pulls back then the $240s may be back in play.
"Joe's earning season preview" EP03 --V, BA, FB, GOOG, AMZN! It's the 3rd week and maybe start to feel a little bit improvement in my English speaking lol.
We got the following important names that I mentioned in this episode:
Mon: HAL, AMTD
Tue: BIIB, CMG, KO, V
Wed: T, BA, CAT, FB, PYPL
Thur: GOOG, AMZN (no time for MMM, INTC and SBUX )
Fri: MCD
So many want to talk about but I only got 20 minute in this video, hope everyone a great trading week yo!
Let's see how they go!
Biib - Good Pe & strong market- Bottom fishing?Take position 223.05
Stoploss at after 222,
Take profit 228
if that breaks, switch to short and ride it to to 205.
But PE is really low for a bio stock,fundamentally, it's good value.
If we get a rally again in the market and sector(LABU) continue to push. this will probably go sideways.
BIIB approaching resistance, potential drop! BIIB is approaching our first resistance at 358.10 (horizontal swing high resistance, 100% fiboancci extension) where a strong drop might occur below this level pushin gprice down to our major support at 310.07 (horizontal swing low support, 61.8% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
BIIB is approaching resistance, potential drop! BIIB is approaching our first resistance at 358.10 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where price might drop to our first support at 310.07 (61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is approaching resistance where we might see a corresponding drop in price.
BIIB Approaching Support, Potential Bounce!BIIB is approaching support at 296.13 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 336.68 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching support at 4.4% where a corresponding bounce could occur.
[BIIB] phase 3 to phase 4? -> evaluate sell.There is more probability of the price down (18.28% vs 16.72%), so I think you should sell.
The price is starting to be below the MM30.
#IBB possibly bullish.. if there is continuation. Otherwise, watch the resistance levels acting as support. (no position)
BIIB - BIOGEN potential rebound hereBouncing higher from oversold conditions, expecting further upside over the next few days to weeks, set your own stops and profit targets.
Biogen $BIIBBIIB reconociendo por 3ra vez el soporte dinamico ..
StopLoss : u$d 280
TP 1 : u$d 322
TP 2 : u$d 349
