Biogen Idec may fall to 174.50 - 181.10

Our pivot point stands at 212.3.

Our preference

The downside prevails as long as 212.3 is resistance.

Alternative scenario

Above 212.3, look for 223.3 and 230.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 210.474 and 221.075).

Supports and resistances

230 **

223.3 *

212.3 **

207.8

201.59 (USD-last)

187.5

181.1 **

174.5 *

168 **

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