Hubert Senters here.
Let’s take a look at REGN. It’s working its way through a little overhead resistance. Here is the zone of resistance. Now, when you’re dealing with supporting resistance a lot of people I think incorrectly I’m going to say they’re all incorrect because I’m allowed in my opinion too.
I just don’t like when people go right there as a resistance area. It’s right there. The resistance is at this 52 week high at exactly $417.03. Works great. Never. So here’s why I look at resistance and support. That’s why I think you should look at it too and let me know how it works out for you.
A supporter resistance is an area of interest. It’s not a pinpoint dead accurate to the penny top of area so down here we’ve got a support area up here. We have a resistance area. So in this area right here we’ve got some resistance.
And you can see it’s trying to work its way through that resistance so it’ll probably get through $417 on its way as it goes through $417 and $430, $440, $450. Overall that looks really good, right considering what all the craziness that we have in the volatility of the market. This thing actually acts halfway decent.
It does have a little bit of a resistance area it’s going to have to deal with but after it clears that it should open up the floodgates to price actions in the areas of you know $450-ish so take a look at REGN also take a look I’m going to hyperlink you to this page so that you can sign up for the Wealth365 Summit.
I will be speaking there January 24th at 12PM EST. Put in your first name and email address and click CLAIM YOUR SEAT NOW.
Good luck. Hope it helps. And I’ll see you on the next video.