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%.
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
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%.
NASDAQ: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...
Looking 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
REGN 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.
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...
Price 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...
That 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.
