REGN Presents a good potential long opportunity.

I am fairly new to analysis so take this with a grain of salt. But I believe REGN is in a downward channel and for the past two weeks or so has been hovering around two support levels. Due to the strong fundamentals of the company, and the fact that they beat earnings and have had only positive recent news. I believe that REGN is currently at a good buy point and will start climbing upward over the next few months(assuming no market correction/crash). Stoch indicates that REGN is oversold, and is trending upwards. The MACD just turned green, and there is bullish deviation between the RSI and the price (the right side of the most recent dip is higher up on the RSI than the price. Anyway, this is just my opinion not financial advice I would be interested in hearing others perspectives.