OCGN price analysisLooking at the technical indicators this stock is showing positive signs of a price trend reversal
OCGN trade ideas
OCGN breaking out of price channels? Got alerted on this move this morning at open and a nice spike trying to contest resistance levels above 6.50 but got beat back down. Could expect this to be trading sideways before making another consolidated move to those levels.
Fact Check: 50% drop in less than 2 months since publishOn Feb 27, and March 3, 2021, I published a short analysis on this stock, many people disagreed because of different reasons! but time proof they are all wrong! and the first target just reached!
you judge..!
+11000% gain in 9 months, what could happen next?2 Billion dollar market cap for a company with zero dollar revenue!
What could happen if this bubble burst?
Sounds impossible? Then check the last 3 correction!!! 60-73% correction happened in each!!!
Potential price drop: 40-70%
Reward/Risk:3
Timeframe: 3-6 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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OCGN REPEATING PATTERNS, ASYMMETRIC TRIANGLE, FIBI've done 2 fib time zones on the chart, they both land big on the 19th for a higher all time high, but in between, I believe that the price will break $7.5 on the 15th and 16th to set us up for the breakout we've been waiting for.
Worth looking at; Descending triangleLooks like OCGN is forming a descending triangle. Watch for a breakout, maybe provided by good news concerning the drug/approval.
Only few hours left to find out ...All in the chart (zoom out to get a bigger picture ) . Left-past,right-present.Thanks
P.S.Just an idea...Do your own DD...
OCGN Up or Down? Part 2All of OCUGEN Investors wait of FDA aproval, or any anouncement that talk about OCGN.
This week seems to any thing can happen.
I hope that give us good news very early!
I publish this chart to get an idea of how the stock behaves, I am by no means an expert. I just hope that what I think will happen if the FDA talks about OCGN.
OCGN TABased on my TA (disregard if it didn't work out
1) We are in uptrend started march 30
2) the pattern shows we need to breakdown till hard support reach before we breakout
3) on this week april 12-16 we have a catalyst maybe we can reach early breakout2
4) breakout on this stock is INEVITABLE
Monday will be interesting So far OCGN looking good :RSI ,MACD and money flow indicators are showing bullish signals .
OCUGEN Inc. Don t miss the great long opportunityGan Box play !!
OCUGEN INC - OCGN
Broke resistance
1D stoch oversould
4h RSI- bullish divergence
4h-6h MACD- bullish divergence and bullish cross
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No trading advice,dyor and trade save!
Must confirm All in the chart ... If it bounce back up from $7.06 area then it can move higher to $9 area where it will meet resistance of the price control line of that value zone .P.S. A can be wrong ,there are few days to find out .
Bounced off FIb, Cup and Handle, bullflag + short squeezeOcugen made a covid vaccine.
Ocugen has 100% short utilization in IBKR
Ocugen bounced off fib the other day closing the gap + it has a cup and handle, + the company hasn't fundamentally changed since it rocketed to $20... Aside from minor dilution.
Ocugen has a target >$10 from analysts.
Somewhat Risky play with huge potential return - PT $90+ This game plan is only based on the chart action ,so do your own DD, I can be wrong . This stock has a very similar chart pattern as MARA and in did people already have made 105x in it (52 week range is $0.17-$18 ),but there are still potential left to get at least 15x more in a relatively short time frame . This chart so as MARAs(check MARA chart as well,I will post it below ) are SO similar to the price action described in the book of Laurentiu Damir "Price action breakdown" pages: 72-74 (in case if you are looking for detailed explanation) the long story short -this stock has reached (in my opinion ) maturity due to the price action and now moving in to demand zone with potential of getting at least 15x ,I know this is sound crazy , but it went up from $0.17 to $18(105x) with in 52 weeks, so everything is possible ....Please check the charts below (wait if you do not see them -I am working on them )
I am going to post few charts below please take a look (if you do not see those charts it means you got here little bit to soon and I am still working on it )
P.S. Constructive criticism is welcome .
Cup and handle (weekly chart)Possible mid term swing targets based on the value zones (green rectangle)
OCGN, NEW MONTH, WAITING ON EUA APPROVALCould this be it? Today? Coincidence that it's a new month? Maybe? Maybe not. But I sure am bullish on OCGN . Chart's aren't always accurate, they're just predictions. But if everyone does follow charts and buy at this level, it does make it a bullish movement.
OCGN **CLOSE EYE** Set AlertsI have two alerts set around both black support areas and two more above current level this baby could break that trend line and explode or break back down and then take off.
OCGN LONG SET UPTitle: Buy OCGN (Ocugen Inc)
Asset: Stock
Platform: Robinhood/WeBull/Etrade/ 401k account
Symbol: OCGN
Type: Buy Market Execution / Buy Limit
Time Frame: 1D
Entry Price 1: $6.75 ACTIVE
Entry Price 2: $4.75 (PENDING)
Stop Loss: $2.75 (40 Pips)
Take Profit 1: $10.75 (40 pips)
Take Profit 2: $14.75 (80 pips)
Take Profit 3: $18.75 (120 pips)
Take Profit 4: $22.75 (160 pips)
Status: Active
OCGN - Second Scenario The second scenario occurred. We broke through the green support zone. From there we saw a recovery movement upwards. The aim is to win the green zone again as a support through a lot of purchasing power. Everything below this range is bearish. Then we see more lows.
Expecting something before weekend, $24.50 PTSome charts go by date range breakouts, happened for ZOM, hopefully it will go through with this one too, also on the verge of a flag breakout.
