$REGN has been in a “Go” trend since early July.
This new trend came after price rose from the lows of a “NoGo” trend that saw price fall to a low under $600. As price rallied, we saw GoNoGo Oscillator rise to test the zero line from below and an extended Max GoNoGo Squeeze reflected the virtual tug of war between buyers and sellers at this level. After the Squeeze was broken to the upside, we saw a new “Go” trend that ultimately has filled the gap from mid May. Now, with GoNoGo Trend painting bright blue bars and GoNoGo Oscillator bouncing off the zero line we know that momentum is resurgent in the direction of the “Go” trend. We will look for price to consolidate above the resistance from the top of the gap before potentially moving higher in the coming days and weeks.
