OCGN with a breakoutNot an Advisor.
OCGN just broke downtrend on my pitchfork shown. Have several indicators in which we can see more bullish action to follow. Volume is still below average daily volume of 57 million. Wanting to see that get beat out. Bollinger bands are tightening up really nice here, I'm assuming we will see the tube come out a little bit before we see price action move up quickly. (however that doesn't need to occur in order to move up)
9 MA is about to cross bullish over the 21 MA
MACD is about to golden cross as well, want to see that happen to see things really ramp up.
Stoch is on a fast slanting line upward to the top bar of the indicator signaling strength to come, wanting to see that cost along the top bar and hold to see continued strength amongst price action.
RSI is at a middle ground of 53, this is BULLISH. A lot of room on this runway. Remember this is the daily chart so movement will vary amongst the timelines, but look for divergence on rapid movements in the intraday trading.
I think there is a chance for a retest and a little brief period of consolidation before this moves up, watch volume come roar in. That will be a clear sign of when you will see this truly move. A lot of distraction in the market right now with AMC - so careful with trades. Watch for ripple effects to that as well. It did not go over well with the GME craze months back. I may look to add some calls here after I close a few positions elsewhere.
GLTA
