OCUGEN - Repeating PatternsIt is pretty clear from our analysis that OCUGEN loves triangles and channels!
-It first started its uptrend with the left-most small symmetrical triangle and jumped up from there.
-Then it formed the 2nd symmetrical and again launched the rocket.
-After the 2nd symmetrical, it formed a bearish channel. It then fell tremendously and has risen back up to form an ascending triangle which
again made the stock jump up!
-Now, we can see that the second bearish channel is formed. Based on the fact that OCUGEN likes repeating its favorite patterns,
we can assume that now is the time for another triangle. And once a triangle will be formed, the rise will come along. But first, as it did
in the previous bearish channel, OCUGEN will need to fall and lose some weight to come back up with the energy to build the triangle!
OCGN
OCGNOcugen Inc (NASDAQ:OCGN) Missed this one on Friday because I was too busy watching WSB stocks. But this chart looks pretty good. I think current levels offer a great chance to play a rebound in shares. Long positions can be considered with a stop loss of 9.50 on a daily closing basis. Initial targets are 13.50 and 17
The week of OCUGEN?I am a newbie, and I publish this idea for me, I share it so that if any expert can help me and correct it, he can do it.
On Monday it will finish forming a bullish pennant that by volume indicates that the share will be bullish.
It is very likely that all this movement will be accompanied by the crossing of the M20 to the M50 and then both will pass the M200as happened on February 2.
All in all, this week looks set to be very exciting.
Will this rise be accompanied by news?
I think that in the premarket it will already make a big rise. Maybe it will reach 14$.
¡¡¡ If this does not happen, we may be dragged down by the M200 in a week's time !!!
OCUGEN - End of a bullish Run?-We had an amazing week with a positive run that came from the news that Bharat and Ocugen reached a vaccine commercialization agreement for the US market. But is it the end of this positive run? As we can observe from the chart there was an Inverted Cup & Handle formed that initiated another downtrend.
-Possible support points to break this bearish run would be: 8.50, 7.80, 6.60, and 5.00.
Buy OCGN ocugen inc. Short squeeze anyone?Few day trade stocks for you this week, those on margin accounts, quick in's and outs or perhaps hold a little longer if your not on margin and just love the fundamentals. Sorry I didn't have time to post ROKU star performer today but boy did it fly.
Potential flag break here. Daily reversal on extended hrs chart looks good
We can squeeze a little profit here perhaps, stop at the low in case the gap fills further.
Could be a short squeeze, stock twits loves it.
CDXC: Small Float Biopharma with BIG Potential $20After basing for many years, CDXC is showing signs of awakening. Stocks are being accumulated but not aggressively. It's one of few bio stocks with insider buying at the current price.
The co is likely on track doing $200 mil revenue in 2 or 3 years, 10X of the 200 mil revenue = 2 bil market cap, with about 62 mil shares O/S. Potentially huge valuation creation. Backed by smart biopharma investors with a tiny float (56% controlled by 20 investors). Their product is patented with an 80% gross margin.
It is however a stock for patient investors, not fly by the night type of stocks. It is in my Long Term portfolio.
KMPH goes to $15-20 off PDUFA hypeI am only playing the run up, but it has been said it is very likely FDA approves their drug.
My run up target before March 2 is $15-20.
$OCGN Skyrockets On $23M Capital Raise Issued On 46% PremiumOcugen Inc. Announces $23 Million Registered Direct Offering of Common Stock Priced at a Premium to Market.
today announced that it has entered into definitive agreements with healthcare-focused institutional investors for the sale of an aggregate of 3,000,000 shares of its common stock at a purchase price of $7.65 per share in a registered direct offering. The offering is expected to close on or about February 10, 2021, subject to the satisfaction of customary closing conditions.
The gross proceeds of the offering are expected to be approximately $23 million, prior to deducting placement agent’s fees and other offering expenses payable by Ocugen. Ocugen intends to use the net proceeds from the offering for general corporate purposes, capital expenditures, working capital and general and administrative expenses.
finance.yahoo.com
OCGN (END WEEK BIG PLAYERS)2-5-2021 This stock started selling high volume at end of trading session. Large orders of 2+ million began coming in. "Thats not your aunt Helen's money".
Bought at 5.22 ; sold 1/2 positon @ 5.91 and 6.16. The stock then went on to trade up to 8.61 in after hours.
I expect the price to be very volitile in early morning trading on Monday.
My average cost on remaining shares is 4.22. I don't expect it to drop below the closing price of 5.25. This is a risky venture (buying on such a large advance) but I took the trade for these 3 reasons:
1. High volume at end of trading day on Friday when most are usually trying to close positions. This is what NVAX did on Thursday 1/28/2021. Sensing a similar path.
2. Looked like institutions really wanted this stock based on volume and large orders of over 2 million.
3. Catylst .. Covid Vaccine that might be safe for children.
I usually dont chase a stock but this one was irresistable.
This is not trading advice. Make your own trading decisions based on your research.
This is for educational purposes so I am open to any comments on this trade.
OCGN - how to play the COVAXIN news !OCGN:
What do they do: mainly focus on developing eye disease therapy. they stepped into the Covid vaccine play and they have a strong product coming – COVAXIN –get this : vaccine can be at room temperature that is huge! transporting and storing with cooling can triple the costs and Pfizer’s vaccine has to be in cooling conditions and if I am not mistaken – double-check me on it – except AstraZeneca all of them need cooling. The vaccine of Ocugen is in cooperation with Bharat Biotech. the vaccine is supposed to be stronger against different strains of covid that are emerging …. The reason for all the noise is in the fine print -they closed a damn good deal on the sales in the U.S – they will receive 45% of profits with no upfront payment (someone was drunk when he agreed to that deal LOL)… so price target given by Roth Capital is 8$ -don’t agree – I think in the next year if all goes well this stock is above 15$ if we factor in the “meme” market going on could be much more and much faster but let's stay conservative.
Ok lets talk shop – technical:
POC (point of control) is not good – 3,18 but I am certain it will rise in the upcoming week – remember POC is like a “magnet” it will attract the price to it for obvious reason.
Volume: average volume is 63M, last 2 days trading above 100M.
50% line of retracement is 3.95 (round it up to the 4$ area – its always areas not specific numbers ) which means we will need to see the golden number getting touched sooner or later (again consider “meme” market conditions are extremely abnormal)
4.5$ -6$ needs to be retested – there needs to be a retracement to that area with some sideways trend before we can say let’s see 8$ - in normal market conditions….
Notice on the chart the yellow square showing ling upper wicks meaning buying power got very weak – matches the volume orders on the left (the colors are somewhat faded meaning it needs accumulation), reversal signal.
The red box in the lower part of the chart is the forbidden zone – it is the other side of the POC and the stock flew through that price too quick so if we see a pullback to the POC line we may see a sell-off to that area- don’t believe this will happen so soon as sentiment is very high
Bottom line – I think we need to see some pull back the upcoming days before the stock goes higher to the next level of 7$-usually happens after a 2-3 days rally and once that is done we can target 7$+.
Please keep in mind we are trading on a very speculative market and everything is highly inflated along with 1.9T $ coming and meme trend this is a very risky market and using my analysis on it can mean shit because it is NOT BEHAVING like it should at all !!
FDGT will wait for a pullback before entering as the trend doesn’t look healthy
This is not a recommendation of any sort
Trader safe and be safe – we are the traders union and we trade by our own rules!