Biogen Idec may fall to 197.40 - 203.40

236.6 is our pivot point.

Our preference

Under pressure below 236.6.

Alternative scenario

Above 236.6, look for 246.6 and 252.8.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 227.4335 and 226.4618).

Supports and resistances

252.8 **

246.6 *

236.6 **

232.5

225.02 (USD-last)

209.1

203.4 **

197.4 *

191.7 **

Number of asterisks represents the strength of support and resistance levels.