0R2M trade ideas
REGN come down.Based on intuition. A lost skill in this world of systematics who never learned how to actually trade.
Regeneron is a volatility lovers dreamREGN is better suited for short term swing trading than TSLA or CMG. The predictable price action patterns make this worth trading although with increased volatility comes increased risk. The predictable nature helps to prevent getting caught on the wrong end of a 30 point swing.
Regeneron in ProfitWe expected a bounce and here we got one.
It's really early in the trade but a good sign of beeing already in profit.
On weakness, I will watch price action and maybe add to my position.
REGN - Long - Swing+ side way price movement over the past week
+ price pop supported by above avg. volume
+ very tiny upper shadow
Will REGN refuel before 380?Assumes wave 4 to end just above wave 1 around 380
Takes into account days/price change for waves 1 n 5
Regeneron momentum-- 480?Theres still about $25 Regeneron can fall before it would begin to retrace the so called "wave 1" momentum.
REGN to recover on strong fundamentals?The uptrend for regn looks strong at the moment with the rsi above the 0 line but do be careful in the weeks leading up to earnings release. personally, i am long atm but that may change if I can buy it back at a lower price.
bullish on REGNREGN could head north of 400 post earnings, time to get in is between now @ 358.50 and a low of around 320
REGN big weekly support test?Big horizontal weekly support + 200dma average on weekly support + MACD' divergence. All in all lossing 200dma is a good short till then looks like a good bounce possible RSI trying to turn a bit here. When it moves it can move big.
