BIIB: What caught my attention was a $5M insider purchase of the
Stock. The huge consolidation that took place during wave 2 created a very strong support. When it broke out of wave 2, things look good. It looks like it would mount a challenge for the recent top of $350 but a failed 12-month test took the wind out of the sail. Looks like a contracting triangle will complete wave 4 correction. The next test results will be in 6 months.
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Wave b completed...One more wave c down
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