$OCGN / Pennant / 16.02.21 We had a nice accumulation last week! We also got some news over the weekend! Will open high!
OCGN trade ideas
OCGN possible ~50% moveHas formed a nice descending triangle, have a stop loss set, for me it would be $9.59 or for a more risky idea, $9.29. Very attractive swing trade for both the upside and the down side.
Strong support at 9.50 expect to see this shoot up.Strong support at 9.50. Bullish pennant looks promising.
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.
Go OCGN!OCGN was up at 18+ few days back and caught my attention when it reached 10-ish at market opening.
Flag pole TP @ 21.74, possible?
OCGN Downtrend analysisRead between the lines. :P
The vaccin seems very good in comparison to the others.
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 - Volume Spike / Inside CandleSimilar to $SINO - Huge accumulation volume, resting today. Might be a good place for an entry. Unlike $SINO, earnings still a little ways away.
$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
If $OCGN finds support at current price, could quickly move up$OCGN would have to create a support level where it’s at. Once everyone agrees that’s a fair price, it may try to climb to the last resistance level at $22-25. But it may retrace back down to confirm support where it’s at...
$OCGN Ocugen hopiumWith the overnight share issue at a premium of 7.65 (up from 5.25) and pre-market on 8/2/21 at 8.9 the hopium on the higher time frames may not seem so far fetched. Ocugen may be the dark horse to win the Covid-19 vaccine race.
$OCGN Making a Fast Recovery$OCGN just passed the 236 fib and if it attempts a 618 retrace that'll get a 60% gain. If it tries to shoot for previous support lines in 2019, that'll be a 100% gain from current price.
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.
