19.04.2022
#BIIB
The trend is descendant. The ascendant wave structure is truncated. The resistance level 217.92 restrains buyers. The share is traded between 365 and 135 moving averages. Awesome Oscillator indicates bearish divergence.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss is over the resistance level 217.92.
Target levels: 200.72; 193.53.
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