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RGNX is gearing up for a big move on its daily chart after holding strong within a multi-month ascending channel.
The price action recently pulled back from the top of the channel and has now broken out of a short-term descending channel, indicating that buyers are starting to regain control.
The stock is currently sitting right on top of the middle mid-range of the larger ascending channel, which is a key pivot point for a continuation of the rally.
IfRGNX can hold this breakout and make a solid move higher, the next major target is that top channel resistance near $14.72.
RGNX is gearing up for a big move on its daily chart after holding strong within a multi-month ascending channel.The price action recently pulled back from the top of the channel and has now broken out of a short-term descending channel, indicating that buyers are starting to regain control.
The stock is currently sitting right on top of the middle mid-range of the larger ascending channel, which is a key pivot point for a continuation of the rally.
If
RGNX can hold this breakout and make a solid move higher, the next major target is that top channel resistance near $14.72.
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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.
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.