Regeneron

A few posts back, I discussed ‘echo trades’.

Find a stock in a clearly defined uptrend, wait for a pullback, and when the uptrend shows a continuation, jump on board.

Since that post, I have put into place a better method of trend analysis.

The following graphs of Regeneron (REGN) should be a good illustration.

As in all my illustrations, Green vertical lines indicate Buying points. Red vertical lines indicate Selling points and Blue illustrates Close position.

The weekly graph represents the long-term direction. In this case, REGN since June 2021 has been in an upward trending direction.

The trading decision however should be made in a shorter time frame. In the following picture of REGN DAILY, it should be clear that, although the long-term direction is up, the shorted term direction has been down. The long position created in August was closed in September.

If you would like an analysis of one of your holdings, please email me at rfeit@msn.com or rfeit1941@gmail.com.