We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of Repligen Corporation (NASDAQ:RGEN).
When trading stocks with the MarketClub system you use the monthly Trade Triangle to tell trend and the weekly Trade Triangle to time the trade entry and exits.
Regeneron Pharmaceuticals, Inc.(NASDAQ:RGEN) put in a monthly green Trade Triangle in August of 2012, and has stayed on a monthly green Trade Triangle since.
Since the monthly put in a green Trade Triangle, there have been a number of weekly green Trade Triangle buying opportunities as (NASDAQ:RGEN) moved higher.
Right now (NASDAQ:RGEN) is on a red weekly Trade Triangle which sets up another possible buying opportunity.
So as long as the monthly Trade Triangle stays green, and if (NASDAQ:RGEN) puts in a new green weekly Trade Triangle, that will be yet another opportunity to hop aboard a stock in a clear up trend.
Repligen Corporation(NASDAQ:RGEN) looks to have lot's of long term upside potential making it an excellent Chart to Watch !