This looks like a solid bullish trend for OCGN NASDAQ:OCGN This looks like a solid long play, the support line has been tested multiple times.
OCGN trade ideas
OCGN back to basicsOCGN kind of treading water for now. I think what we need to see are some rock-solid results from COVAXIN, which this rolling submission could be helpful in identifying. The Phase 3 results were interesting. With more warnings coming out about the current SOC EAU vaccines, another option might not be "too late" at this point. But a lot will clearly come down to the results. For now, speculation is probably playing a bigger role as we don't know much more beyond what Ocugen announced this week. Regardless, looking at chart levels, a quick Fib retracement shows a few "pain points" on the chart, namely the 618 fib that has been a frequent resistance level over the last few months.
"On July 2nd, Ocugen reported new evidence from Bharat Biotech. The company shared positive results of its Phase 3 study of COVAXIN™; a whole virion inactivated COVID-19 vaccine candidate. According to the company, it demonstrated a vaccine efficacy in mild, moderate, and severe COVID-19 disease of 77.8% with efficacy against severe COVID-19 disease alone of 93.4%.
“With the Delta variant becoming a dominant strain of COVID-19 in the United States, we believe that the Phase 3 efficacy results reported by Bharat Biotech demonstrate that COVAXIN™ has the potential to become an important option to expand protection against this emerging variant. Combining these data with the only Delta-variant results from a controlled Phase 3 clinical trial, evidence continues to support a favorable benefit-risk profile for COVAXIN™.” - Dr. Bruce Forrest, Acting Chief Medical Officer and a member of the vaccine scientific advisory board of Ocugen. "
Quote Source: 7 Penny Stocks For Your Watch List This Week If You Like Biotech In July
$OCGN is gonna fall todayPupm&Dump trading strategy idea.
$OCGN is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $8,48;
stop-loss — $9,07;
take-profit — $7,32.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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OCGN about to break outOCGN is going to break out the triangle and running before the ER (watch TTM change color from yellow to green) and gonna drop hard before ER.
Next week would be interestingWith Friday news, great wave count and pattern formed, this looks like a good trade for now.
$OCGN #OCUGEN don't fear we are out of downtrend lineWe are out from downtrend line
next days $10,10
in july are starting the news and to the moon.
OCGN "variant stew"Alot going on in this chart but bear(or bull) with me.. 100MA being tested, broke above trend line and alot of confluence occuring all at once while the "Variant" is the big talk of the days.
Quite a bit of upside here if good PR comes out on OCGN. Otherwise we could see this get swatted right back down under the trend line and below the 100MA. My calls are in for a solid risk reward play here.
Trade safe and have fun! SMASH that like button and let me know your thoughts in the comments!
OCGN bull flagLots of bull...
however, Due to "variants" OCGN has a solid bull case..
Waiting on Ken to put this price action into warp speed.....
Trade safe! Smash that like button and follow for more!
OCGN US manufacturing set to BOOMWhen I was but a young lad, matching games were my favorite... Do you see the similarities in the ellipses here? Identical but different scales second ellipse is nearly double the first.. could this go to above 20 soon? Dont take my word for it just an interesting thought. I mortgaged my house and sold my truck for these calls....Heavy in calls so cheers to retirement... kidding..trade safe trade smart!
Good luck. Be sure to like and share! Check out my profile for these charts or DM me for more!
Did you see my last AMC callout...?? At 9$? and before even lower...
OCGN - It is not financial advice. Please check yourself🙏🙏🙏I have published this to see the suggestions and reviews to tackle my problems in my daily trades. It is not financial advice. Please check and make the decision yourself 🙏🙏🙏. Everything I will publish here is only for learning 📊📈📉📚
$OCGN Continues to Consolidate in Constructive MannerOCGN is a strong growth name that has been consolidating its massive rally from Dec-Feb over the past 3-4 months. This consolidation has taken the form of a symmetric triangle, which is normally technically constructive, pointing to a potential test of the sloped resistance line now sitting above in the $15 area.
