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motleifaul
Mar 14, 2024 7:57 PM

Correction Retraced Short

Ocugen, Inc.NASDAQ

Description

The impressive correction 3 weeks ago of the little attempt to resume the long lasting decline since end 2020 is a signal that the market is still not convinced in a coming rebound of Ocugen.
We have just retraced the last branch of the downtrend which had lasted from July 2022 until the end of October 2023. Thus it may be a good time to find out the chances of another push. down.

Trade closed: stop reached

I am watching to buy again.
Comments
STFNPLN
Wrong strategy. It may correct to $1.2 retesting support and close that gap but it we’ll be all upward from there. We won’t see subzero anymore.
motleifaul
@Stpoloni, I just see that you have no idea of your own published. But you are very convinced that others have a "wrong" strategy. I recommend to be more humble.
And it would be fine if you'd give reasons for your opinion. Otherwise it is worthless.
STFNPLN
@motleifaul what was your strategy based on? With all the followers that you have you should consider twice before posting misleading ideas the ideas. Check the company website and have a look at the potential that its pipeline has. Those are the reasons!!
motleifaul
@STFNPLN, what you are telling is simply worthless. You came in when it became obvious that the idea was a failure.
Then I had closed it already over 1 week before with just a tiny loss. And if you don't understand a strategy you cannot claim it being wrong.
It is chart trading and has nothing to do with "the company website" and "the potential that its pipeline has."
I don't urge anybody to follow me and my ideas may well be wrong as anybody's but they may never be "misleading" as I don't claim to lead anybody.
Do your own due diligence and if you feel you need to have to check a homepage: feel free. And if you can join my view of the chart you are free as well to trade the idea as I did.
And if you have checked your "homepage" and have a good idea don't hesitate to publish it to give others the chance to call it "wrong" if it failed. Go ahead and good luck!
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