Regeneron to XBI shows signs of reversal Regeneron show signs on bounce to XBI (biotech index), XBI is growing to SPX itself
REGN trade ideas
REGN due for a bounceREGN has been beaten down while the market is up. I think the bottom is near. Trendline is holding. Potentially starting wave 5
First PT: $550
SL: $470
$REGN and $ABBV - very similar dynamicsThis seems to me more than just coincidence considering the profile of product pipelines and therapeutic areas both companies bet on.
I was watching both for some time and placed a position to $ABBV before earnings @ major support level, which was broken and then turned.
Major support @ 468 (50% monthly Fib level)
Potential upside to 700 with test of ATH 664.
Very good R/R of 1:7.
Good fundamentals on top of above made $REGN a definitive buy for me as I was waiting a good price to enter.
Discussion purpose only, not an advice.
REGN at support ?Weekly RSI close to being oversold
Fibonacci close to 50% retracement
Price below anchored VWAP from the previous lowest low
increasing 200 week EMA
Price at 90 week EMA
REGN to DJI on strong supportwe are on strong support than played several times both as support and as resistence
REGN time for LONG Today we saw strongest rebound from 487 back near to 500, so, bullish hammer on 4h/day
Strong oversold (RSI, Bollinger bands 4h)
Convergence (buyers intrest growing for some time )
Fine fundamental (13 pe forward)
News: we need to treat covid some how( covid cases surge)
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
LUMP OF NOTHINGHuge valuation super thin volume.
Even blockbuster news of it being used as covid treatment barely made this bloated pig move.
The only reason it hasn't died is bc of the Trump bump.
Targeting 200 SMA
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.
REGN US Equity Elliott Wave AnalysisThe above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
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.
One of my more favorite set upsthrough 605 this stock looks to rip. above moving averages and really tight under 605. investoratlas.substack.com
Ride the REGN Wave like thisREGN likes to make these waves and this one all conveniently lines up with break down resistance and even bigger trend mid lines and what not.
#NASDAQ35000HAT
