Regeneron: the short trade gains ground, but the double bottom demands attention

At week 6 of the sell signal on Regeneron Pharmaceuticals, the short trade is up 12.73% from entry. This week closed down 3.7% with sellers at 71% of volume, keeping the bearish direction intact — but a double bottom has formed on the daily chart in the 596 area with an 8% intermediate rebound. A pattern worth watching closely.