OCGN trade ideas
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
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 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