TraderRahulPal

V can C bullish flag pattern breakout very soon in this Pharma.

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NASDAQ:REGN   Regeneron Pharmaceuticals, Inc.
About:-
Regeneron Pharmaceuticals, Inc. is a biotechnology company that discover, invent, develops, manufactures and commercializes medicines for the treatment of serious diseases. The company commercializes medicines and product candidates for eye diseases, allergic and inflammatory diseases, pain, infectious diseases, and rare diseases.

Now about technical,,,so Regeneron pharmaceuticals in trading in bullish flag pattern since many months and now time has come for breakout. chances are high for breakout as it has done proper consolidation inside the bullish flag pattern...so i am expecting a breakout very soon,,keep an eye on monthly chart once breakout done, could be proper buy for this pharma ticker, and we can expect a rally towards 900+ levels..stop loss could be best support zone for this stock around 739.

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Rahul Pal
(Full Time Trader & Investor)

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