IS THE REGENERON PHARMACEUTICALS INC IS READY FOR A NEW ALL-TIMEIs Regeneron Pharmaceuticals ready for a new all-time high, or will it test again the previous one at $620 from October 2020 and confirm it as a strong resistance?
Regeneron Pharmaceuticals is a leading-edge biotech and pharmaceutical company that focuses on cytokines and tyrosine kinase receptors at the cellular level. First, Regeneron developed an experimental antibody cocktail to treat COVID-19 called REGN-COV2. This treatment was granted emergency use authorization by the FDA and was even provided to former President Trump when he contracted the virus. They have a diverse product offering outside of COVID-19 offerings and some exciting possibilities in their pipeline. Also, they recently announced a new partnership with the British pharmaceutical company AstraZeneca to research and developed small molecule compounds targeting the GPR75 gene. This is also promising because the Regeneron Genetics Center discovered the GPR75 gene to be a key factor in developing obesity, a disease that over 650 million people suffer from around the world. It is inspiring when you consider that the comorbidities associated with obesity can manifest as a significant cost to insurance companies, making the drug more marketable. Over the past couple of years, the growth of the generics industry has been staggering, and Regeneron is fast becoming a major player. On August 5, the company announced its results for the second quarter of the year by beating the forecast results and publishing a better revenue and EPS. Fundamentally the company looks ready for a new all-time high, but dividends and share purchases are the areas where the company becomes a bit complicated. It is focused on its funds on R&D and has done exceptionally well, but it does not currently pay a dividend, and the net buyback rate is low.
It is interesting how the investors will react at these price levels because it looks like that the price revert and confirm the $620 price level as a strong resistance. But if this correction in the long uptrend is temporary, the price easily reaches the previous all-time high at $666 and try to break through it. But it is also possible to picture the graph we saw between October and December last year in a downward direction to the price levels of $540 or far on South to $467.
Looking at oscillator indicators, we can see that the correction starts from the RSI overbought zone.
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Alltimehigh
DREPUSDT All waves completedHello traders!
Derp has completed all of its bearish waves and it won't look back again.
It is ready to break All-time High. The first target will give 650% of the investment.
Don't forget to hit the like button and follow to stay connected
Short Term Bullish Trend before correctionThis chart is from last Aug to this Aug. Last Aug SPY went up to break the upper trend line till Sep 3rd with similar low volume but from Sep 3rd it went to a correction of 10% -11%.
This year we are in a similar setup, SPY pushing higher with low volume and the upper trend line is about to break we could see SPY hit around 460+ by Sep first week before we see a correction of 10-11%
SPY had the support of 125MA last Aug so this time it might get support around 125MA which sits around 414 which is approx 10% down from 460spy level, but if that doesn't hold this it could turn into a nasty correction which could drag on to all Sept and Oct.
IF you note, then you will see RSI is not yet reached a peak level so there is room for RSI that is also a reason in the short term SPY could keep on pushing plus in options market PUT ratio is at an all-time high and ppl are shorting SPY which could create a short squeeze that could push the SPY to a blow of top.
So in Summary - SPY in short term could hit around 460+ or - around the end of Aug or first week of Sept from there it will have a pull back of 10-11% which is around 414 level.
ERG/USDT Start: ERGO reaches for the stars. 10x possible?Intro:
- ERGO rebounds from 7.5$ and goes for new ATH.
- Unfortunately ERGO on tradingview does not show the full history. We include the resistance levels around 10$, 12.5$ and 17$.
But since we believe in this coin and its potential we will start covering it here.
- ERGO worked together with Charles from Cardano and they talk highly from each other which is a good thing if you believe in ADA and it's approach.
- Guys please give me some feedback to improve my charts, analysis and commentaries.
Daily chart on the left hand side:
- Price looks a bit like a short bullflag that broke out today.
- Volume drop for three days with one up day today that does not say anything yet.
4h chart on the right hand side:
- We see a failed bullflag that did rebound around 7.5$.
- No RSI analysis yet.
Expectation:
- We expect a fully grown bullrun for ERGO which seems undervalued at the moment.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone . Check the description.
EPS/USDT Update: EPS broke out of its consolidation triangleIntro:
- EPS moved out of its consolidation triangle and retests upper resistance once more.
Each time a resistance is tested it gets weaker and it would look reasonable if we break through this time.
- Guys please give me some feedback to improve my charts, analysis and commentaries.
Daily chart on the left hand side:
- We saw a price consolidation into a very narrow range which now chose to follow the violet upwards trendline.
- The RSI is hovering over the 50 line and it looks like gearing up for an upwards move.
- The average trading volume is increasing and the next pump will likely be even bigger.
4h chart on the right hand side:
- Wee see a strong consolidation for the RSI with broader lines than last time.
- There is a golden cross from the 50 and 200MA indicated by the yellow camera.
Expectation:
- We expect a parabolic recovery which is also driven by the use case of Ellipsis (Trading stable coins for low slippage).
- Once we break through 0.95$ there is like no resistance until 1.5$
- If price follows the trading volume we expect ellipsis to recover nicely.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone . Check the description.
How BTC might hit new ATHThere are multiple converging trending lines that suggest we see a very large ascending triangle playing out. Here's an example of how I see this bull cycle continuing. Of course the way price bounces around within the boundaries I laid out will be different than the example but the outcome will be something similar to this in my opinion.
RACE Overview- Great looking chart. Currently setting up within a symmetrical triangle.
- The base range measurement can be projected from the apex to gather a higher probability target than the classic target.
- The ATH resistance is likely to act as the level which initiates the retest of the supply trendline.
- Green arrows show my predicted path IF the stock breaks out the upside.
- Not recommended to initiate trades until confirmation is received.
CRYPTO SHORT HUNTERits a normal condition in cryptocurrency to pump up till hundrets or thousands percents becasue of high volume or hype.
latest crypto that reach ATH is AXS. so... as a futures traders, most of them hunts the tops to drive down the price, I mean to get the best momentum for short entry.
this is a few tutorial, trial, high risk tutorial for shorting the top.
very high risk, because we couldnt define the resistance area before it reach ATH.
so, to define probability of the latest ATH is to combine many things!
1. use Wyckoff scheme in low timeframe (3m-1h tf) to define the distribution scheme
2. combine with oscilator, define the trend reversal
3. draw important support line.
4. extra dicipline in stoploss!
US30 - Dow Jones - My Trading Plan in 3 minsHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for US30, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
ASX:CATHere we have the lifetime chart for ASX:CAT.
- Starting with a price of $0.63 and reaching an ATH of $4.26 in only 1 year.
- It then went on a 3 year downtrend back to its original $0.63.
- After that we see it recover to $2.13 in 1 year.
- COVID-19 pandemic brings price all the way down to $0.49, which is its new ATL.
- Since then price has recovered nicely, and if it continues to do so I will be looking to enter a trade.
I have marked what I would like to happen for me to enter, and the relevant buy zone. I will only be putting a small sum on this trade in the hopes that price breaks the $2.47 resistance line and holds price. Only then will I be looking at this trade more seriously. I can then average down my purchase price with small sum previously purchased.
DYOR
I hope this helps someone
AXE looking to continue its BULLISH trend all the way to its ATHAs you can see over the past few weeks we have seen AXE follow this channel with only 1 touch to its support. There is still a moderate amount of buying volume entering the market and we are looking to close in on its supports 2nd touch. This interaction "may" see AXE try to achieve its all time highs by the mid to late week on the back of FOMO and extra disposable income due to the 2020/2021 EOFY tax returns.
Buy order: $1.000-$1.010.
Stop loss: $0.920 (-8.46%)
Take profit ranges: $1.100 (+9.45%) / $1.200 (+19.43%) / $1.250 (+24.35%) / $1.335 (+32.89%)
Not financial advice. Be safe and good luck!
TCS TF 1HR CONSOLIDATINGTCS CHART PAUSE IN TREND AFTER BREAKOUT IT MIGHT BE THE MEASURED MOVE UP
TOP OF CHANNEL HARD TO BREAK THE CHANNEL IN
FIRST ATTEMPT MAYBE IT WILL GO DWNTHEEN UP
LETS SEE HOW PRICE REACT IF PRICE BREAK ALL
TIME HIGH WITH GOOD VOLUME U CAN WAIT FOR
RETEST OR IF U WANT TO ENTRE EARLY IN TREND
SHIFT TO SALLER TF AND ENTRE WHEN SHIFT OF
STRUCTURE COMES AND SEE HOW PRICE REACT
BITCOIN'S BULLISH REVERSAL CONFIRMED!As continuously discussed over the last few weeks, both here and on the YT channel, we've long welcomed a fakeout down below the very key $30 000 support zone, but given that it would recover aggressively and at massive trading volumes.
We have now gotten EVERYTHING we've asked for and more in Bitcoin, and for those reasons there is a strong chance the bottom has in fact been set, and that new all-time highs are within reach.
What then are the things that further confirm this bullish reversal case?
1) As marked on the chart, we had a fakeout that turned into a bullish hammer on the 4-hour chart - and at significant trading volumes at that to let us know that the bulls are in full control and that they control the support zone.
2) The support zone held up. This is important as there is no support to speak of below until the previous all-time high at around $20 000.
3) The RSI is showing healthy patterns of recovery. This slow, gradual increase is a textbook sign of emerging strength.
These would all individually speak of strength. Now they come together as a force and I am convinced enough about this being a reversal to have moved all-in, not in Bitcoin, but in Marathon Digital Holdings, as it moves exponentially to that of Bitcoin.
Of course, there are still dangers lurking about. IF the price were to break below $30 000 again, then expect a brutal capitulation drop to take place. Luckily, there's a lot of built-up strength on the charts now to render that possibility unlikely. With that said, I will release EVERYTHING should Bitcoin break below again. One test below was the bullish fakeout to shake out the last weak hands that we asked for. A second revisit would change everything for the worse.
With that said, I am highly optimistic about this. And given that I bought in again at $33 000 equivalent, the stoploss is $3 000 below. But ... given that new all-time highs are fair to assume given the five month long wait in combination with the fact that we're technically still in a mark-up, $90 000 should be a conservative number before any significant correction of -20-30%. This means that the upside is $57 000 whereas the downside is $3 000. This gives us 19:1 in odds.
What this means is that as long as there's at least a 5% chance of this having been the bottom, then it's mathematically worth taking a long trade. And, I'd say it more than fair to assume that the chances of this being the bullish reversal we've been waiting for is far higher than 5%.
AMC Testing Pi ResistanceInteresting way to look at the fibs here on AMC
By measuring the first AMC swing which resulted in a symmetrical triangle consolidation
we can see that the breakout which occurred from that has extended 3.14 times the distance of the first wave.
Along with the fact that we formed a strong RSI bearish divergence here at all time highs was a strong reason for AMC to take a breath and consolidate.
We can see that another symmetrical triangle is being formed... and this gives us a bullish bias going forth.
If AMC does ever break down from the triangle then a retest of $20 seems to be on the table.
TRCH Fib AnalysisThis is a quick overview of a recent runner $TRCH.
After gapping through all time highs. We have reached, and closed exactly at, the all time 1.618.
This resistance is just as strong as any other and I expect to see some reaction here. Along with this we have a bearish RSI divergence deep in overbought territory.
While we may continue well past this level. Expect a minor correction before any further continuation.
AMAZON Correction Ahead! Sell!
Hello,Traders!
AMAZON is trading in an uptrend and is climbing even despite the SPY falling
However,the stock is approaching it's all-time-high levels
Which acts a strong resistance, that was tested multiple times
That makes me locally bearish, and I am expecting a correction
Limited by the rising support line
Buy!
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See other ideas below too!
L&T TF 15 MIN FLAG BREAKOUT HERE WE CAN SEE PRICE IS IN UPTREND AND AFTR BREAKOUT OF OF DOUBLE BOTTO IT IS RETESTING NECKLINE OF DOUBLE BOTTOM
IF IT WILL BREAK ABOVE THE UPPER TRENDLNE OF FLAGWE CAN ENTRE
OR IF U WANT TO CAUGHT MOUMENTUM YOU WILL ENTRE AT BREAK OF HIGH/14 JUNE HIGH FOR SAFE AND SL IS SWING LOW OR FLAG LOW
US100 - Potential Bearish Reversal Soon!Hello everyone, if you like the idea, do not forget to support with a like and follow.
US100 is sitting around its All-Time-High and round number 14k so we will be looking for sell setups on lower timeframes.
on H4: US100 is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)
Until the sell is activated, US100 would be overall bullish and can still trade higher.
and of course, as it approaches the lower blue trendline from Daily, we will be looking for trend-following buy setups.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich