Biogen Inc. (NYSE) analysis, chart, and trading idea

#BIIB
 

The trend is, in general, ascending. The Forex pair is traded in the range between 365 and 135 ЕМА. The descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator,  and the Stochastic Oscillator signals the oversold status.

Trading idea:

Buy at the formation of the ascending wave structure, when wave (A) breaches the sloping channel of the descending truncated structure 

Stop-Loss - any under the local minimum of the descending structure (276.00)

Target price levels: 294.00; 305.00