Biogen Idec may fall to 191.30 - 197.10

227 is our pivot point.

Our preference

Target 197.1.

Alternative scenario

The upside breakout of 227 would call for 237.3 and 243.2.

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 stock is below its 20 day moving average (222.682) but above its 50 day moving average (212.948).

Supports and resistances

243.2 **

237.3 *

227 **

222.9

218.86 (USD-last)

203.1

197.1 **

191.3 *

185.3 **

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