REGN: Second Attempt at Strong Support with 1/18 Risk/Reward
REGN is displaying a strong historical bullish trend and is currently offering a potential buying opportunity. After a recent pullback, the stock has reached a key support level, providing a favorable entry point. The risk/reward ratio is highly attractive, with a 1/18 potential to the all-time high (ATH). This is my second attempt after the first stop was triggered. With rising volume over the past month indicating growing accumulation, the setup suggests renewed buying momentum. Now could be the ideal time to buy, aiming for a rebound toward the ATH.https://tradingview.sweetlogin.com/x/72pFl76n/
Trade closed: stop reached
The stop loss for REGN was triggered.
📊 +18.36% made in less than 12 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
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📊 +18.36% made in less than 12 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.