Fell out of Rectangle

Recent news on a patent has contributed to BIIB trading below it's channel. A long way from break out for sure but may be worth watching for a swing trade then play it by ear.
If you look back this stock traded in a rectangle in 2019 as well with support at 216ish.
This time support has not truly been established as far as I can see so I am watching this one closely
Channel boundaries look to be 272 and 344 before it fell out on recent news. I noticed on hourly it went down to 248.59 and somebody came to the rescue! LOL Closing at 268.19

I am watching it for a possible swing trade and plan to enter if support is established...Break out would be way up there at 375 or above
If you have any ideas on this one, please comment. THX (o: