0R2M trade ideas
$REGN Regeneron, Wait for better entry
REGN making some moves in the pre-market, but
care needed on rash entries.
Multiple resistance factors to cross before risk \ reward improves.
50 & 100ma's
2015 pivot point @ $605
New breakout Looking at long term trends. Old breakout finished with multi year consolidation. New breakout started with all time high. Will this new breakout hold?
Fib fan on latest up trend. Trend broken?Trend slowly moved to 0. Recently broke down below 0.
Previous high acting as support
50 day support broken.
Few more days to confirm if breakout failed.
#REGN REGNERON LONG-TERM INVESTMENT From 400$ -> 1400$ !#REGN REGNERON LONG-TERM INVESTMENT From 400$ -> 1400$ !
REGN at 50 lines againSold this one for a 3.70% gain after weakness on earnings.
The story seems intact. Good risk/reward entry here at 50 days line again.
IBD rating 98
RS rating 92
Long @ 620.37.
REGN projection to 750 analyst targetUsed the pitch fork tool to determine when the current trend would align with the new analyst target of 750. First time using tool. Please provide feedback.
REGN trying to go higherThis seems as a low risk entry here at 50 days, should rebound if the market continues higher after the previous last week pullback
The market was showing a reversal for most of Friday. Looking for a continuation on Monday.
IBD rating of 98
RS rating 94
Long @ 610.37
REGN new breakoutBreakout today, seems like it failed at the end of the day, but entire market followed the same pattern at closing.
Volume was higher throughout the day on the way higher and lower on the retreat, a good sign
IBD perfect rating of 99.
Long @ 645.90
REGN support resistance channelsIn this chart the channels 1,2,3 are of equal distance.
On the week of Feb 24th REGN broke out of the channel 1 and within the next 4 months it proceeded to gain over 50%.
It did break out to a new All time high(ATH) as well , and momentarily had broken out into channel 3.
This week (06/22) we saw that the perceived support of channel 3 didn't hold.
Although I'm playing this short , I'll do so with a great deal of caution.
Marked in red is the Bearish idea I'm playing: Since REGN got rejected of the channel 3 is possible that the old time high won't hold as support as well.
REGN could then Test the highs of 2017 ( marked by the circles) before potentially testing a possible double resistance ( resistance of old time high and resistance of channel2)
In this particular scenario (if it happens ) a short position will be taken and cut losses will happen if REGN breaks above to channel 3 on the weekly chart.
Now on the bullish side : If REGN breaks above the $630 perceived resistance of channel 2 it could push higher torwards the $700 mark(marked in green pattern ).
It would be nice if it than comes and tests the OLD time high and perceived support of channel 3 , thus making it clear that a long position would be profitable perhaps to $800+
These support and resistance areas change as time progresses.
So although $800+ would be resistance at around 09/2021 that same resistance line would be $780 just a year later.
So, continue to study the charts and adjust as time moves on.
Trade with care and have fun!
R.I.P( Research Invest Prosper)
Vaccine News ComingRumors brewing on big vaccine news in next week.
Might grab some Calls here for shits..
FDA Approves New Dupixent® (dupilumab) Pre-filled Pen Designed tREGN: Regeneron Pharmaceuticals, Inc.
2020-06-19 13:44:00
FDA Approves New Dupixent® (dupilumab) Pre-filled Pen Designed to Support More Convenient Self-Administration
REGN to see if it can tag the ATH!Hello! Going long REGN at 578.46 with s target of 603.00. Looks like a good SETUP, so please apply your own plan, own targets.
Buy to REGENERON PHARMACEUTICALSHey people, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. The buyers' attempt forcefully rejected, the sellers can regain control.
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Look at that Volume!!What I see...
+ Ultra high volume to a strong closing day
+ Prices pulled back to find support from the 50ma and today returned to close above the 10ma
+ Prices stop short of the Fib.
+ RSI has just turned upward at 57
- MACD is below the signal line
- Upper shadow
- Resistance at all time high
What I setup...
+ Long entry when break above the Resistance
- Stop under today's low
+ Target is at 1.618 Fib
:: Duration - ~4 weeks maybe?
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REGN: Reached the wave (iii) target of 1.618 Extension.However, the RSI and MACD do not show overbought condition. It has more room to hit the top of the channel. Also, an iHnS pattern shows a potential target in line with fib 1.887 extension of wave (i).
$REGN:NASDAQ - REGENERON PHARMACEUTICALSRegeneron has been having a nice run since the end of last year and is up around 100%. Financials look pretty strong. Could be worth a watch.
Regeneron Pharmaceuticals, Inc. is a biotechnology company, which engages in the discovery, invention, development, manufacture, and commercialization of medicines. It product portfolio includes the following brands: EYLEA, Dupixent, Praluent, Kevzara, Libtayo, ARCALYST, and ZALTRAP.
