Regeneron (REGN) is showing strong technical signals of potential reversal from a key weekly demand zone, replicating a setup similar to March 2021.
🔹 Bullish Engulfing Candle forms directly at the demand zone after a multi-month downtrend.
🔹 Volume Spike confirms strong buyer interest.
🔹 RSI shows bullish divergence, breaking its internal structure and holding above 30.
🔹 MACD crossover is setting up, with histogram and signal lines echoing the same configuration from March 2021 — which led to a significant rally.
This is a textbook confluence setup:
Structure (demand zone)
Momentum (RSI divergence)
Confirmation (volume + engulfing)
Trigger alignment (MACD timing)
A decisive follow-through above recent highs could confirm the reversal and initiate a new bullish leg.
🔹 Bullish Engulfing Candle forms directly at the demand zone after a multi-month downtrend.
🔹 Volume Spike confirms strong buyer interest.
🔹 RSI shows bullish divergence, breaking its internal structure and holding above 30.
🔹 MACD crossover is setting up, with histogram and signal lines echoing the same configuration from March 2021 — which led to a significant rally.
This is a textbook confluence setup:
Structure (demand zone)
Momentum (RSI divergence)
Confirmation (volume + engulfing)
Trigger alignment (MACD timing)
A decisive follow-through above recent highs could confirm the reversal and initiate a new bullish leg.
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.
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.