REGN Interest Chart
The 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.
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.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.