REGN // Triangle patternProvided that it closes in the region marked with X, the targets are determined according to Fibonacci, respectively.
0R2M trade ideas
REGN Q3 earnings 11/3 @ 6:30amREGN Q3 September 2022 earnings are on 11/3 at 6:30am. Regeneron Pharmaceuticals (REGN) reported Q2 June 2022 earnings of $9.77 per share on revenue of $2.9 billion. The consensus earnings estimate was $8.53 per share on revenue of $2.8 billion. Revenue fell 44.4% compared to the same quarter a year ago. REGN short entry based on its $754 all time high major resistance level which it didn't even break through during the global covid pandemic in 2020. Plus, the nearest support going into earnings on 11/3 is the SMA50 around $663. Any short term pop up is an opportunity to get a higher strike put with a further dated expiry imo.
Q3 September 2022 Consensus:
EPS = $8.77
Revenue = $2.82 B
SMA50 = 663.67
SMA100 = 634.61
SMA150 = 649.19
SMA200 = 641.40
52week high = 754.67
52week low = 538.01
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
REGN shortREGN short trade based only on technical top resistance levels near its all-time high of $754. The trade duration can take several weeks for a significant pullback. REGN earnings are 11/3 pre-market. A short strategy could be to take an otm put position and then roll the strike up or roll the expiry to further dated every few days until the price drop occurs.
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
$REGN with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $REGN after a POsitive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 80%.
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REGN Similar Indicator Scenarios First instance the three waves led to the point I have labelled as the loading emoji
Second instance three waves were seen aswell, which also led to a point like this
Bull runs follow these loading emoji points
$REGN with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $REGN after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 73.33%.
Regeneron ShortNASDAQ:REGN
Regeneron looks like it may be topping out here.
Price is navigating through an ascending wedge over the last two weeks of trading.
Both the MACD & RSI are showing bearish divergence building over that same timeframe.
In addition, the RSI is falling out of overbought territory while the MACD looks primed to cross under the signal line.
Daily candles have begun peeling away from the upper Bollinger Band.
Price is just under the median line of the (White) Modified Schiff Pitchfork, which has been a reversal area in the not so distant past.
Full view of Pitchfork:
Thus far, price has just missed testing the median line.
A failure to tap that median line would signal a strong downside is imminent. (Hagopian Law)
If that occurs, I suspect a strong price decline to the lower paramedian line of the Modified Schiff Pitchfork. (White)
I placed the (Blue) Andrews Pitchfork on the recent pivots points to show the potential path price could take on it's journey to the lower paramedian line.
A drop out of the ascending wedge will trigger my short entry.
My take profit level would be at the lower paramedian line between $635 - $650 depicted by the green box and red bullseye.
Breaking trianglesLooking for a good break out of this pattern and in the MACD again.
Right now is retesting, we will be waiting for a bullish pattern as this can be also a fakeout
3/20/22 REGNRegeneron Pharmaceuticals, Inc. ( NASDAQ:REGN )
Sector: Health Technology (Pharmaceuticals: Major)
Market Capitalization: $74.451B
Current Price: $685.94
Breakout price: $687.00
Buy Zone (Top/Bottom Range): $660.50-$603.40
Price Target: $812.00-$816.40
Estimated Duration to Target: 125-130d
Contract of Interest: $REGN 9/16/22 700c
Trade price as of publish date: $50.35/contract
Poised to breakout above 625 REGNREGN is in a very tight consolidated pattern. This stock is really to make a move higher above $625.
This will need considerable volume passed 625 but keeping an eye out for some news releases that instigate a move higher.
REGN Support buyMajor support at 200DMA. This is traditionally a strong stock and great opportunity to buy in. Start small and scale in as it move higher.
REGN: volatility squeeze?The Bollinger Band Squeeze occurs when volatility falls to low levels and the Bollinger Bands narrow.
Periods of low volatility are often followed by periods of high volatility. Therefore, a volatility contraction or narrowing of the bands can foreshadow a significant advance or decline.
Once the squeeze play is on, a subsequent band break signals the start of a new move. A new advance starts with a squeeze and subsequent break above the upper band.
RSI leaves enough room for upside price potential.
Above 600 supports a bullish trend direction.
Degeneron This sorcery will probably end up happening a lot faster but we just copy some fractal that looks good enough to illustrate what's coming.
Cup and HandlePrice is not to long entry level yet which would be over the left side, or sell side of the cup.
Known to be volatile like biotech tends to be.
Negative volume is high showing interest. Short interest is 1.57%.
Estimated earnings 2-3-22 BMO. (before market opens)
There should be strong support at mid cup which is 5582.82 and at the handle low (HL) The cup depth is 223.64.
No recommendation.
The alligator is trying to tangle which can suggest consolidation of price.
$RGEN Building a Nice BaseThat base is starting to look more symmetrical with each passing day and therefore more attractive. Moved it from my watchlist to my secondary watch list this evening.
$800 soonlooks like a cup and handle in the weekly
re-accumulation phase in the daily
its undervalued stock that has a room to run 20% at least
Regeneron Announces $3 Billion Share Repurchase Program!!!REGN: Regeneron Pharmaceuticals, Inc.
2021-11-12 16:00:00
Regeneron Announces $3 Billion Share Repurchase Program
REGN RESIST LINE$544 REGN
Resist line
3 year chart trend line of bottoms shows $544 as resist Line…If it breaks then we have a problem
Incoming Buying OpportunityREGN potentially coming into $460 range again.
R/R heavy in favor going long if it falls to this level.
Would keep watch.
Recent phase 3 results re:COVID19
