Uptrend continuation $OCGN part 2 Long

Ocugen, Inc.NASDAQ

Description

⋅ Feb 16, 2022 1:14 AM

Today we were trading in what seems to be and ascending triangle.

We broke out of the pattern at the end of the day with a nice volume.

I can see a continuation into the end of the week and we might be able to see mid 4's or maybe even 5's by friday.

A close over 4 would be very bullish.

Chart Patterns Trend Analysis

Comments

themattreedproject

⋅ Feb 19, 2022 12:27 AM

Your analysis was spot on! OCGN closed over 4 not only that it 5 and some change!

MSAthegr8

⋅ Feb 19, 2022 12:50 AM

@themattreedproject, Thank you. Today we traded a cup and handle type of pattern. Pretty sure at around 1pm someone knew the news of the FDA lift on the BLA. They started loading/covering or whatever it was and then,boom, the news after hours. Sometimes the technicals can predict some moves....because someone always knows something before others...

taycalzone

⋅ Feb 21, 2022 4:29 PM

@themattreedproject, lmao

themattreedproject

⋅ Feb 21, 2022 4:45 PM

@themattreedproject, *it hit

ydah

⋅ Feb 16, 2022 3:04 PM

Why is it going up? It was below $3 2 or 3 weeks ago. What is moving it up?

MSAthegr8

⋅ Feb 16, 2022 3:09 PM

@ydahman, The market in general IMO. This stock follows the XBI wich looks like following the IWM lately. If the whole biotech sector rebound, it will rebound too. Won't rocket without a news about FDA or Canada though