Based on my analysis:
1. BIIB formed a cup & handle (May 26-29).
2. Breakout the neckline with a high volume and formed a marubozu candlestick.
3. Stochastic shows an upward price bias.
4. Traders are advised to take profit at the price level (1) 312.50- 314 USD or (2) 321 USD.
1. BIIB formed a cup & handle (May 26-29).
2. Breakout the neckline with a high volume and formed a marubozu candlestick.
3. Stochastic shows an upward price bias.
4. Traders are advised to take profit at the price level (1) 312.50- 314 USD or (2) 321 USD.