OCGN Up or Down? Part 2All of OCUGEN Investors wait of FDA aproval, or any anouncement that talk about OCGN.
This week seems to any thing can happen.
I hope that give us good news very early!
I publish this chart to get an idea of how the stock behaves, I am by no means an expert. I just hope that what I think will happen if the FDA talks about OCGN.
Ocugen
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!
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.
$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
OCUGEN MAJOR BULL RUN INCOMING!Hey guys!
A lot of you may not know this but I actually do some stock trading on the side as well as creating YouTube videos.
Recently I came across this stock and honestly in my past 5 years of trading I have never come across something that looks more of an attractive buy than this stock...OCUGEN!
And I'm going to explain why for a number of reasons.
1) We can see a clear elliot wave 1 & 2 being completed with a 0.618 retracement on the fibonacci
2) As the retracement was heavy for wave 2, we can expect the retracement for wave 4 to be less and indeed we do see this as wave 3 hits a peak and wave 4 retraces to the 0.382
3) Wave 5 is sure to be a fruitful wave! Take a look at everything from the RSI showing an amazing trend line on the 30 minute & histogram now ticking to the positive on the hourly
4) Lastly...switch over to monthly. THERE HASN'T BEEN VOLUME LIKE THIS IN MONTHS!
Definitely bullish and I'll be keeping an eye out for a breakout past the triangle.
Happy trading!