Swing trade Idea
Updated
I still think that there is a very high probability of OCGN moving towards DEMAND ZONE before it will make another big run (please take a look at the snap shot below for supply ,demand and control zones (click on the snap shot 3 times to expand )
But if OCGN will stay in the current consolidation zone for some time ,then here is the game plan to take advantage of that .
Swing trade idea :
Entry : $7.86
Stop: $7.60
1st target : $9.05 - drop 50% of shares R/R 1 to 4.5. (R/R is Risk/Reward)
2nd target : $9.55 - drop 30% (of the original 100%) R/R 1 to 6.5
3rd target : $10.46 - drop 20% (rest of the shares ) R/R 1 to 10
Stop loss for the 2nd and 3rd target must be adjusted to $9.05 when price move above $9.05 and 1st target is reached. When 2nd target is reached ,then stop loss must be adjusted again for the 3rd target to $9.55 when price move above $9.55
That way you will lock at least 1 to 4.5 R/R
Entreatment purpose only,not financial advice .
But if OCGN will stay in the current consolidation zone for some time ,then here is the game plan to take advantage of that .
Swing trade idea :
Entry : $7.86
Stop: $7.60
1st target : $9.05 - drop 50% of shares R/R 1 to 4.5. (R/R is Risk/Reward)
2nd target : $9.55 - drop 30% (of the original 100%) R/R 1 to 6.5
3rd target : $10.46 - drop 20% (rest of the shares ) R/R 1 to 10
Stop loss for the 2nd and 3rd target must be adjusted to $9.05 when price move above $9.05 and 1st target is reached. When 2nd target is reached ,then stop loss must be adjusted again for the 3rd target to $9.55 when price move above $9.55
That way you will lock at least 1 to 4.5 R/R
Entreatment purpose only,not financial advice .
Note
Note
OCGN moved to $7.87 today ,($0.01 short of posted above entry zone) and then briefly bounced up to $8.65 and closed the day at $7.95Note
OCGN did show strong rejection from the entry zone price line like it did before ,possible move down to the mid $7 is possible .Game plan mentioned above is cancelled .
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