Sep. 23 at 3:49 PM
$RGEN
This chart is bearish-biased with corrective rallies, defined by the EMA-100 acting as a dynamic lid. The 115–125 support is the only thing preventing a structural breakdown. A decisive weekly close above 146 would be the game-changer. Until then, the path of least resistance remains down.
Trade Plan:
Bulls: A weekly close above 146 would be the first legitimate signal of trend reversal. Only then can long positions target 170–180+ (old swing highs). Until then, rallies should be treated as corrective.
Bears: As long as price stays under the EMA-100, bears remain favored. Best setups: fade rallies into 132–146 resistance, with stops above 150.
Neutral stance: Sideways action between 115–135 is a chop zone, good for range trading but not for directional bets.
