Bullish ActionSince what I believe to have been the bottom of a larger Wave 2, price action and most importantly volume has been very positive. This says to me, on a larger scale, this is the very beginning of Wave 3.
The question I am asking myself when looking at a smaller scale - was that first break out, with the minor pullback wave 1 and 2? Or, are we still in wave 1.1?
The pullback happened following the breakout, but I expected a deeper retracement to ~$0.76.
IF this is wave 1.3 we are in now, I have a newer short term target of $1.77.
Volume precedes price.
Nice volume today and over the past couple of weeks, almost double the average today.
For me, i'm accumulating whilst this sits under $1. A break of $1, which I think is coming soon and it could move quick; according to Finviz, the short interest on NASDAQ:OCGN is 20%!
Overall, this is looking very bullish and I find this a very appealing stock right now.
NFA.
