Aug. 13 at 11:52 PM
$REG
Bullish Flow: Price action on
$REG is catching a clean bid off the baseline trendline and volume shelf after a pullback from recent highs. Buyers are stepping in to defend core support near
$75.50 on the 8hr chart, with MACD attempting to curl back upward from oversold territory. Holding this node sets up a potential retest of upper supply. 🐂 💧
Bull Key Level:
$77.20 (Break & hold confirms reclaim of short-term MAs and path to highs) 🐂 🔥
Bear Key Level:
$74.40 (Failure to hold baseline trendline opens down-drift toward
$70) 🐻 ⚠️
Targets:
$80.00 /
$83.50 💰 🍺
Why: Buyers are defending a major multi-month support shelf and baseline trendline on the 8hr timeframe for a potential bounce.
#REG #stockmarket #technicalanalysis #swingtrading #hovdid