OCGN trade ideas
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)
Will it be different this time?The price action in the impulse 3 is slightly different than in impulse 1 and 2, also look at the RSI - Action under 1 and 2 is started to slope almost immediately , but under 3 is sideways .
Will it be different this time? I do not know,I still think that probability of the price retest of value low zone is high (as it happened before in 2019-refer to the chart below) but next few days will show, at this moment I can not tell how the price action will play out.
OCGN "Slingshot engaged" I am not a financial expert or telling anyone to do anything these are my opinions and for entertainment purposes.
OCGN is looking to take us to the promise land.
$OCGN PT 180-200 and higherOcugen, Inc., a clinical-stage biopharmaceutical company, focuses on the developing gene therapies to cure blindness diseases. The company's pipeline product includes OCU400, a novel gene therapy product candidate restoring retinal integrity and function across a range of genetically diverse inherited retinal diseases, such as retinitis pigmentosa and leber congenital amaurosis; OCU410, gene therapy candidate for the treatment of dry age-related macular degeneration (AMD); and OCU200, a novel fusion protein that is in preclinical development stage for the treatment of diabetic macular edema, diabetic retinopathy, and wet AMD. Ocugen, Inc. has a strategic partnership with CanSino Biologics Inc. for gene therapy co-development and manufacturing; and Bharat Biotech for the commercialization of COVAXIN in the United States market. The company is headquartered in Malvern, Pennsylvania.
$OCGNWell, i think that this thing is preparing to skyrocket soon.
Waiting on that EUA by the FDA.
Keep an eye on this one.
OCGN Price predictionMy trades in OCGN and where i'm buying and selling.. GOOD LUCK
IM NOT a financial advisor i'm only sharing for a community discussion and development of ideas, this is purely my own opinion.
OCGN - puts for a price reversalThe blue lines on chart mark the candles that correspond with peaks in RSI and directional movement. Both times previously, price reversed lower after buying was exhausted. One difference is that today RSI is at a peak while the green directional line is lower than yesterday. One possibility is that price may try to move up again tomorrow before retreating lower, but thus far price cannot reclaim 12.
Since puts expiry is 21 May, I bought 10 strike today, a small position, and will hold for a reversal. If tomorrow price goes over today's high I will trim/exit.
OCGN - Ascending TriangleOCGN has formed a bilateral ascending triangle, price can move either way. So far it has had a great day and is up 27%.
$OCGN Technical Analysis$OCGN Key levels for upside = 10.80, 14.05
White Lines = Support
Yellow lines = Resistance
Broke out of channel. Offering @ $10
OCGN Harmonics: Two possibilitiesBelow, I'll post a close up of the entry area for the C point of the harmonic which is pointing upwards. However, there may be an entry coming up much lower. We will see which way this goes and where price finds support. If entering at the C point, place tight stop below the A point.
OCGNWOW is the word of the week. A huge congratulations to you, if you paid attention to my alert on OCGN at 6.84, as you are probably sitting on pretty hefty gains at the moment or booked a huge profit. The stock just doubled investors' money in merely a few days. Congratulations to all those who were able to witness this technical groundbreaking alert. I give you all information's on the technical charts with pivot points for you to take decisions. Go treat yourselves to something special this weekend with this BIG profit ;) From a technical standpoint, this high flyer could see some profit taking in the coming week due to its extreme overbought conditions. In this scenario, I will use any pullback to 7.75-8.25 to go long again.
OCGN If you saw different ideas on OCGN yesterday, you probably stumbled upon my idea that I made before the opening hours. I'll just do a quick rundown of what I mentioned.
- I suspected that the stock would be met with resistance at 10.3 because the RSI was too high at market opening. Just wait for the price to plummet from the resistance before going in.
This ended up being the case for the 2 first hours of the market opening before plummeting down to around 8.7 before going back up again giving traders a chance to gain profit.
- A golden cross had materialized and it had broken out of the downtrend.
A lot of people had already caught up to this so there is not much to say here. But I will say, having a golden cross formed can be a strong signal for a bullish run (high time frame --> more bullish).
- I suspected that it would be going down at 11-12.
I was pretty wrong in this department but it ended up being a profitable trade anyway. The price peaked at 13,65.
Do I think there will be another run? For now, it looks pretty bearish to me but I could be very wrong. I'd rather wait this out and see.
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!
OCGN I did this chart 1 day before the outbreak. I didn't put much thought into it but I'm now convinced that I'm on the right track.
1. Golden cross is about to form with 200, 50 MA.
2. Broken out of the downtrend, looking very bullish from here on. I don't believe it's too late to join in now but do it at your own risk.
3. RSI is too high, so it will most likely go down a bit before going up again. Therefore, I suspect a short-termed short (at around 10.3usd) before a rebound.
I'll be taking profits at 11-12.
This is not financial advice!
Do your own DD!
POSSIBLE LONG ENTRY ZONES FOR THE NEXT RUNYou sold , what is next ? Who knows ....but ,you know what they say-It is better to miss a good trade than end up in a bad one. I am willing to risk a good trade and possibly end up in a very good one ,here is why.
Skip the main chart and look at the snapshot below (if you have an ultra wide monitor you will be able to see it better,if not then click on the snapshot twice to zoom in and then slide the picture to see it all). Look at the price action on the LEFT -same levels ,somewhat similar action :big move down to the demand zone and then quick big move up to the supply zone and then retest of the demand zone -perfect action to shake off people who bought on the top and make them to sell.Why not to do it again? I can be wrong and OSGN will continue higher and higher ,but in my opinion probability of that is smaller than for it to move down .I marked possible long entry levels based on the price action in the past (refer to the main chart). Now the good question is WHEN OCGN will (if) test the bottom of the demand zone (purple line on the bottom in case if you are not sure what I am talking about ),well based on the action from the past it moved from the top of the spikes all way to the bottom of the demand zone (retested) in 8 and 14 days .Will it happen again? I do not know, so do not take my word for it and do your own DD .Thanks for your time.
