Today´s Engulfing candlestick should increase the odds that BIOGEN has concluded a corrective pattern (Forming a Bullish Flag) from the November 3 peak

If this is the case the 50 dma = 284 must hold in case of a pullback

If the bullish setup plays out the target could be located at 319 +/-

I am long with a stop below the 50 dma

 

BIIB DAILY CHART

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