OCGN Ocugen Options Ahead of EarningsIf you haven`t bought OCGN during the Covid pandemic:
Now analyzing the options chain and the chart patterns of OCGN Ocugen prior to the earnings report this week,
I would consider purchasing the 1usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $0.08.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
OCGN trade ideas
Unclear crossroads for OCGNOCGN daily timeframe.
OCGN appeared to just have completed a head and shoulders pattern and it is at a point where it may break the ascending triangle.
The SRSI is in the overbought region looking like it may signal a sell off, RSI numbers are low. The only favorable sign is that OCGN is still in the ascending triangle.
Have a great day
Bottoming at Higher LevelThe present range is valid since the end of March. Now we are at the bottom of the range and I expect it to go back to the to it's top, the more that the volatility is decreasing.
This range top has been the bottom from March to September 2022. Thus it might become a decisive resistance on a possible way up. But such a price above 2 would be a fine one.
Fork in the Road for OCGNThank you for your time.
Notice around the key level where OCGN is at now there were candlestick patterns with positive break outs.
It seems that OCGN is once again consolidating at a key level this time in an ascending triangle.
OCGN may break to the upside or break to the downside.
Have a great day