OCGN trade ideas
OCGN - Descending triangle due for reversal?as the trendlines show, OCGN currently is on a downtrend but as the optimists are hopeful about its vaccine "Covaxin" due to be approved by the W.H.O, perhaps a reversal on the current trend is on the cards? I'll be putting some money for a small punt.
OCGN is looking like its getting ready on the hourly to pop.If we can get the S&P to wake up that could be a big help. Maybe next week if we clear some weeds in the market.
Namaste
OcugenLooking at the chart we can see a large descending triangle. Our low support is around 6.10
As of
Now I had an ascending traingle drawn however it’s not that clean and could be more of a rising wedge.
If we broke down however, our target lands around 5.61$ which could be a break of this triangle. We have to expect if we broke down that 6.10 could hold as support.
Now as of right now, we have killer support between 6.99$- 7.05$
We have to be cautious as this could result in a big move down, however if we could breakout of the larger pattern I am spotting, a safer bet or entry would be around 8.40
Play at your own risk
Support 7.05
6.10
5.61
Resiatnce
7.77
8.06
8.11
Is $OCGN ready to move?Taking a look at the carts, it looks like $OCGN has had quite a bid of consolidation and is tracking the last wedge (purple lines) fairly well. Thinking this may see a short run up.
OCGN - good buy, WHO approval waitingGood buy at this price.
Waiting for WHO approval for Covid Vaccine, it's partially approved for emergency use in India.
$OCGN Daily Chartdaily chart building higher lows although bullish triangle pattern, still hanging around at bottom, needs to move up and build higher highs.
OCGN next movementsWe arribe to the final countdown and go up... If the news are good the movement will be bullish.
I show you my prediction lines:
Blue -> Hard Resistance that if overcome will become hard support.
Red -> Resistance that if overcome will become support.
Orange -> Bearish trend that we broke days ago and that we do not want to see any more.
Good luck to all!
OCGN -> $10 magnetOnly worry right now is the small trendline and seeing a sudden reversal, but there is bullish flow and it seems like its going to break into 10.14. I would be carefull if it breaks below the support near 7
$OCGN WedgeWanted to get thoughts on $OCGN. I have been tracking this for some time and looks like this wedge is ready to break out. I've been on the sidelines with this one and wanted to get some input.
OcugenA very interesting chart. 5000+% healthy digestion. Long flag.
News triggers on the horizon - in 4-6 weeks?
Emergency authorization to WHO on July 09.
Full use application to US later this year?
keeping an eye on because of the great potential and risk-reward
ocgni don't have position yet
i transfered all my founds to sesen
i think the news at ocgn will come mind-end of September
$ocgn #ocugen strong longwe broke out 21ma today and tomorrow we will break 50ma and full uptrend to above $20
$ocgn #ocugen out of downtrend line now and waiting approval we are out of the downtrend line and we are waiting the next weeks for vaccine approval from who and canada will be the first country which buy it
OCGN Ocugen new Covid-19 Vaccine and Price TargetOCGN Ocugen partnered with Bharat Biotech for Covaxin, the first COVID vaccine developed in India to receive emergency authorization.
With the COVID significant rise in cases, hospitalizations and deaths over the last two weeks, vaccines producers are rising once again.
My short term Price Target is 10.30usd
OCGNInteresting to say the least. Digging the apparent repetition here. Those downtrend lines are clones. Next friday $10 calls for a little lotto play seems like a decent risk/reward.
Break out!!! OCGN is going to break the triangle and should watch for the volume buy-in for an entry here. Watch MACD+AO turn green for confirmation.
Covid StocksOCGN looks interesting at this entry point with excellent risk reward. Looks like starting Wave 3 today.
OCGN breaking outOCGN breaking out from the trendline. Hopefully, it's not a fake break out. Aug 20th 15 call options are only .18c.
