ElliotWaveTrades

IONS: Potential Return To All Time Highs And High Returns

Long
NASDAQ:IONS   Ionis Pharmaceuticals, Inc.
3
IONS: Underwent a brutal sell off from its highs in Mar 2015 at $77.80 to a low of $19.59 in May 2016.
A stock which underwent sell off of 75% warrants a look by bargain hunters.
IONS partnership with BIIB just obtained EU approval for a $125K/treatment for spinal disease.
This will inevidentably be just the antidote that IONS needs to return to its new highs and more.
A break below Minute Wave ii will require adjustment of the wave counts.

Key support: $37.26
Critical support: $ 19.59
Trade closed: target reached:
Consolidation appears complete.

Trade at your own time and target.

Happy Trading.
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