REGN trade ideas
Example of a failed Model reversal signal It was a big biotech week with many signals including CGEN, SEGN, BMRN but this one failed to hold. No Model is perfect and anyone who isn't trading with a rules based model will always underperform in the long run. No strong emotions for winners so the same must be applied to losers. We will certainly get another shot at this.
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current sine wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
Regeneron's Covid Treatment First Drug Authorized By FDAMy last chart:
November 22, 2020: Regeneron's Coronavirus Treatment Becomes First Antibody Cocktail to Earn Emergency Use Authorization from FDA (The Motley Fool).
Regeneron Covid Drug Gets Emergency OK.
Antibody drug cocktail casirivimab and imdevimab are allowed for use by people over age 12 with mild or moderate Covid-19. (the street).
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
REGN Interest ChartThe thoughts were triggered by a twitter sharing from someone else.
This is for LONG.
Look at daily, could be a local bottom looks like a 50/50.
Weekly definitely says very likely there is new low ahead to form a reversal on a weekly basis. Also kissing weekly cloudy is likely. Given how steep the cloud back it is, it is possible to see a deep drop and followed by immediately brutal pull up if this name truly wants to go higher.
Monthly, I feel if no immediate reversal, at least need to wait one or two months.
So the best R/R for now, imo, is a near term bet for target area. Ideally it is 12/4 545 - 565 - 585 butterfly. But given how large the bid-ask is, likely will wait for weekly reversal.
Play safe.
REGENERON PHARMA. (REGN)The trial prospectively shows that the REGN-COV2 antibody cocktail "significantly reduced virus levels and the need for further medical attention," new data involved an additional 524 patients and met its clinical endpoint of reducing medical visits. It's shared the results with the FDA, which is evaluating a possible Emergency Use Authorization. Treatment with REGN-COV2 reduced COVID-19-related medical visits by 57% - and by 72% in patients with one or more risk. factors.
REGN WEEKLY LONGBased on fundamental analysis from trusted expert source.
'Regeneron have been one of the few companies mentioned in the press since the pandemic began, for having an effective anti viral drug for treating the symptoms of Covid.'
Recently mentioned and used in treating US President.
Possible break through prior ATH resistance of August 2015. Averages up. Appears to be moving up after recent return to zone between MAs.
ALT
False breakout above 600, could turn over and if 500 fails this trade is void.
Aggressive entry is now as hit 664 in July, more conservative entry would be to wait for price to stay above 600.