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 trade ideas
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.
$OCGN PUMP and DUMP tomorrow?For those of you who weren't sleeping away your afternoon in futures like me, you saw $OCGN make a massive run up to and through the close all the way to the post market. Finally tally: up 58.62% :o
s3.tradingview.com
On February 8th after a similar push out of the Keltner Channel, $OCGN popped over 100%. See below. Or we could get a doji day followed by a pop on Monday. Let's not butter finger this one and nab that PUMP!
s3.tradingview.com
+11000% gain in 9 months, what could happen next?2 Billion dollar market cap for a company with zero dollar revenue!
What could happen if this bubble burst?
Sounds impossible? Then check the last 3 correction!!! 60-73% correction happened in each!!!
Potential price drop: 40-70%
Reward/Risk:3
Timeframe: 3-6 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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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 Inc. Don t miss the great long opportunityGan Box play !!
OCUGEN INC - OCGN
Broke resistance
1D stoch oversould
4h RSI- bullish divergence
4h-6h MACD- bullish divergence and bullish cross
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I would also be very happy about TV tokens ,for more free setups and privat tips
No trading advice,dyor and trade save!
Bounced off FIb, Cup and Handle, bullflag + short squeezeOcugen made a covid vaccine.
Ocugen has 100% short utilization in IBKR
Ocugen bounced off fib the other day closing the gap + it has a cup and handle, + the company hasn't fundamentally changed since it rocketed to $20... Aside from minor dilution.
Ocugen has a target >$10 from analysts.