Trading Idea for Biogen Inc. (NYSE)

The overall trend is bullish. The stock is trading within the range of the 365 and 135 EMA. The descending wave structure is truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates an oversold condition.

Trading idea:
Buy upon the formation of an upward wave structure, where wave (A) breaks through the trendline of the descending truncated pattern.

Stop Loss — 144.55 (below the local low of the descending truncated structure).
Target levels — 150.00 and 154.40.