A clean Bullish Flag often precedes a big move. Validate your entry.
Bullish continuation if preceding move was up.
Sideways movement between parallel supports.
Reversal pattern. Price likely to break downwards.
Bullish continuation pattern.
A clear signal has emerged for Biogen (BIIB) on the daily chart. Price has moved to $196.58 (-1.05%) amidst recent volatility. The primary technical feature is a Bullish Flag formation. This setup is supported by strong volume turnover. A potential breakout level is identified at $203.45, targeting $240.78 with support near $193.2 (R:R 3.64).
What is your outlook on BIIB?