REGN is in a historical bullish trend, and right now offers a potential buying opportunity:Discount at Strong Support: After a pullback, the stock has reached a key support level, providing a good entry point.
Excellent Risk/Reward: With a 1:14 ratio to the all-time high (ATH), the upside is significant for those willing to risk.
Bullish Signals: Last week showed a strong bullish candle, and the rising volume over the past month suggests growing accumulation, indicating renewed buying momentum.
Now could be an ideal time to buy, targeting a bounce back to the ATH.
https://www.tradingview.com/x/88ozr8wZ/
Trade active
The stop loss for REGN Regeneron was triggered. I’ll continue to watch the stock closely, and if the price climbs again, I’ll consider reentering.Trade closed: stop reached
Second attempt here:
Based on these ideas I trade personally. 📊 +6% made in 7 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Based on these ideas I trade personally. 📊 +6% made in 7 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.