$OCGNMy latest idea on OCGN.
If that triple bottom breaks out, we could rocket to go test that gap and hopefully past through it.
OCGN trade ideas
Ocugen - Ascending Triangle 🔺5If OCGN manages to keep the nose above the level 7.50-7.60 and keep rising, we can see a major rise to $15.
-Putting our target price to $15.
-Stop-Loss: $7
Swing trade IdeaI 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 .
USING CHARTS to BUY OCGNWe look at technical analysis, You tube Flash Instincts FOR full in debt videos.
Trading Idea - #Ocugen#Ucugen breaking out of the ascending triangle.
- Trend continuation to 20.00 USD expected!
- Ocugen Inc. is a biopharmaceutical company focused on the development, development and commercialization therapies for eye diseases.
- Ocugen is developing a vaccine against COVID-19.
- Number of employees: 15 people.
Will it hold?I think if OCGN close today below the line marked with the orange star it can move all way down to $6 area ,but stay alert if that zone gets penetrated then OCGN can move all way down to low $5 zone.
Relatively safe area to enter long is at low $5 area with stop at high $4 zone (look at the prices marked on the chart).
P.S. Not financial advice
OCGN - 1hr with fibs and EMABeen posting examples of how fib retracements can help with support and resistance. great example with this ticker. NO position.
OCGN Very short term I just wanted to do a quick analysis on OCGN again on a very short-term scale.
The RSI is too high for my liking to enter. I think it will possibly go down a bit until it reached the resistance at around 10.5 before moving up again. A golden cross is really visible at 1-hour chart, the MACD is showing a bullish crossover and the volume is extremely high (for better or worse).
I try to keep this as simple as possible as I, myself, am pretty new to market trading. If there is anything you'd like to criticize or if you just want me to simplify something, just comment.
This is not financial advice! Do your own DD!
Massive panic sell off?Can we see massive sell off with in next few days? Big shots from OCGN are dumped lots of shares in the past couple of days .
Please share your opinions.
P.S. I currently do not have a position in OCGN.
$OCGN best to buy after ER this Fri on 5/7/2021...$OCGN next Target PT 70 and higher, long term PT 180 and higher
$OCGN " The Ocugen team has submitted a comprehensive drug master file with the FDA, and is currently diligently preparing the EUA application, according to Shankar Musunuri, Chairman of the Board, CEO and and co-founder of Ocugen."
STRONG SUPPOT AT $12 level!Strong Support at $12 level because most of the volume entered at this price. So if you want to jump in, this is a very good dip already! Goodluck everyone!
$OCGN IF CLOSED ABOVE 13.6 THE TARGET IS 27All indicators and candles are bullish except that giant doji red candle (23/4) at 13.6 if closed above it then it will form an interesting bullish pattern targeting double of 13.6 which near by 27 . Resistances as showing at 15.8 - 18.8 then 22-24-27. earning on coming days so could dump too . Now its at 12.67 - if falls down below 10 again will looks soo bearish and will cancel bullish ideas. check my previous idea for $OCGN when it was 0.8.. :)
HIGHLY PROBABLE BREAKOUT NEXT WEEK!!!!Based on the 30min Chart, there was already a Double Tap at 13.50 PLUS OCGN is very bullish forming an ASCENDING TRIANGLE making a possible breakout by next week. Next anticipated resistance at 14 then retest 13.50. The next resistance is at 18 or if an EUA is released by FDA, we could see this run higher to a new highs. Good luck everyone who has positions on OCGN!
HIGHLY PROBABLE BREAKOUT NEXT WEEK!!!!Based on the 30min Chart, there was already a Double Tap at 13.50 PLUS OCGN is very bullish forming an ASCENDING TRIANGLE making a possible breakout by next week. Next anticipated resistance at 14 then retest 13.50. The next resistance is at 18 or if an EUA is released by FDA, we could see this run higher to a new highs. Good luck everyone who has positions on OCGN!
OCGN will continue flyingThis is my second shot on OCGN and still a similar analysis.
NASDAQ:OCGN is still a relatively small market cap that can grow very quickly. Covaxin, their covid vaccine candidate is still waiting for FDA approval. Occugen is partenering with an indian company -Bharat Biotech and have a deal with them to market Covaxin in the U.S. The vaccine is already commercialized in a couple of countries, eg. India, Mexico, the Phillippines.. OCGN will be in charge of commercializing the vaccine in the US if it's approved. The vaccine phase 3 tests showed very good results, it achieved an overall efficacy of 78% and a 100% efficacy against severe covid19. With the J&J vaccine being put on hold, Covaxin has a key role to play. Any rumours or confirmed news about the FDA approval, will send the stock above 30$.
OCGN Weekly - Cup and Handle Forming one big cup and handle on the weekly chart. We've got a little gap target around $25 as well.
OCGN VCP Pattern from Mark MinerviniSeeing a Volatility Contraction Pattern (VCP) from the 3 hour time frame with a Parabolic SAR switching below the candles. I'm very bullish on OCGN since during the April 30th overall market bearishness, OCGN holds its place and is the only green candle in my watchlist. Another thing to look is from the weekly time frame which in my technical analysis using the PSAR dot is it can go up $16 or more.
OCGN (30min chart)Maybe we could trade a nice breakout if we break the level of resistance at 12,58 USD. :chart_with_upwards_trend: First of all i would like to see a confirmation on previous resistance (11,72 USD)
