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...
We have retraced the mid February decline by 38 % now. Close to an open downward window with a channel that has turned downward already I assume that we will leave the recent trading range to the downside soon.
The rise since March 5th has been retraced and the momentum is renewing. There is not much ore to say. The upward trend that has begun in February is by far not expired and so I think that I can expect a short term retest of the March top.
On Thursday we've exceeded the over 2 months old trading range, made a little correction and opened a win dow today. For me this are clear signs of a beginning rise . As we had built a broad bottom after a steep fall that had lasted for over 2 years there is a potential for some bigger rise.
The second big downturn had begun on March 4th. It has been retraced today. As we saw a second corrective downwave of the long rise since January I expect another corrective move down now to test the bottom of January 31st again. It will intensify when the (red) MA is broken.
On January5th we'd retraced the uptrend the first time and finished the attempt to change the trend on January 17th with another just retracement. The rise that has followed after this failed attempt has been corrected by over 38 % just today. I consider the trend being still positive and expect another attempt to rise within this week.
There is momentum at the moment. :-) Thus it may be done with it and no major correction downward will follow before the rise may resume. And outbreak at the top of the range may make it clear. Stops are essential.
We have reached a 6 year old bottom now. There is room for a bigger correction. Whether this will take place immediately is not sure. At least the likelihood for a rise is bigger now.
With its bottom on November 11th we can see a cup bottoming sharply and reminding almost already at a V-formation. Nevertheless there is a long handle from end November until end January that had been exceeded and is to be retested now. Of course the price may come back to the top of the handle but in respect of the deep cup there is a chance of a large gain that...
We are far from all relevant Moving Averages, have overcome the all time high and begun a correction. I see a substantial room for a decline now as we have risen to land and to fast since December.
We are slowing down a little bit today. I think that this is due to the option expiry tomorrow. Then, I think, we may rise a bit further. The market is overbought for a while but any attempt to correct has been bought so far.
Within a Fibonacci support zone we are building a bottom since January 17th. As the decline is old already and the Chinese economy is not as unhealthy as, say, the European ones I expect a breakout of the range within the next few days with an end of the downtrend.
The window that has been opened on January 12th has been closed on 24th January already. This rise has been retraced on February 2nd. Then we saw a Reversal island. The small candles yesterday and today so far are indicating that we are fighting to build a bottom now. On top there are no real resistances. The former bottom of January 3rd had been broken on the...
The momentum is declining, we are at an all time high and we can see an open window below. I think that this is sufficient to watch out for a correction downward.
Within an intact uptrend we have corrected the rise since January by 50 % now and may continue the rise.
The trend is upward since November and has been corrected in January already. After the little attempt yesterday and the renewed rise today I assume that we can continue to rise. We are still within a Fibonacci based support/resistance zone. Its bottom is the October low and the top the present January high. May be it will take some time to get decisively above...
The spark on Monday has been downward retraced now. We are testing the top of the trading range that had begun on January 8th, Now this top may be seen as a support. A renewed uptrend may be the result of the spark now. There are 3 obstacles on the way up but all of them would implicate a good profit.
Within an intact uptrend and hectic trading we have we are undertaking another attempt to correct the rise. Now we have reached the top of the December trading range again that can be considered to be a support now. It has additional importance as it had been a tested resistance zone in August/September already that had been proved by opening a window downward on...