What is up, everybody welcome to trades trades, where we have technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these. Given stocks. I'd like to preface by saying that i am not a financial advisor nor expert, i am just something i'm doing on youtube, so take what i say with a grain of salt. The reason i started this channel is because a couple years back, i was about 30 000 deep in some pretty bad medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work really hard and invest my money in The market and i'm happy to say that i am not a financially free guy, so if i could pass along any of the information, resources or tools that were given to me and change your lives even with a little bit for the better, that's all a guy Can ask for, lastly, if you would not mind dropping a like on the video, it really does help support the channel and consider subscribing if you'd like to see more content like this, as i do post videos every every day, multiple times a day with.

That being said, today is going to be ticker symbol. Ocgn occasion incorporated - and this is my subscriber requested video of the day - and i'm just going to show you this real quick. This comes from subscriber hugo or hugo romo. He said: hey man ocgn big news hit: can you do a video of them dot, dot, dot, dot and uh yeah man no problem at all.

Thank you, hugo romo, for the suggestion. I will try to cover this as best as i can, and i hope that you find some value, so i just pulled up uh ocg and i'm going to read to you what they are as a company. Really quick, look them up on stock twits. They have a pretty decent following about 53 000 people, so there is quite a bit of interest and the message volume as of late is much higher, and this makes perfect sense.

If you look at the uh the price action on ocg and it has seen a huge spike in volume, it used to trade about 5 million shares a day, and it had a couple of days where they traded 734 million and almost 1 billion shares in a Single day now we have dropped off a little bit. However, i do think we're going to see some pretty insane filthy volume action that is going to happen here, because there is a huge news, article that came out, but before we read it, let's just check out what these guys do. So ocgn isn't pulled up there. Well, that's, okay! Well! What this company is looking at right now is approval for astrazeneca and local coveted vaccines.

We are expecting a rollout in weeks as india did approve for this vaccine to roll out, so this article did just come out today january 3rd, at 2, 44 in the morning est - and let's just read this real quick. India's drugs related regulator on sunday gave final approval for the emergency use of two coronavirus vaccines, one developed by astrazeneca and oxford university and the other by local company barrett biotech. The world's second most populous country is now expected to start a massive immunization program within weeks with the astrozenica oxford shot, taking the lead in barrett biotech's kova vaccine administered under stricter conditions, given no efficacy, data has been released for it now. I do think this is going to have a huge impact on ocg and i would very closely watch the price action on this.

I do think it is going to see a massive run up. However, i do have some cautions to to give you guys. So, let's just get right into the video we're going to establish macroscopic and microscopic levels of support and resistance that way, if you're a day or swing trader, you can play it that way, which i think is a safer bet in this penny stock instance or if You're a mid to long term investor. You can play it that way as well.

So we do have an immediate support level sitting right here at about 1.73 and we have been retesting that level uh, which is a good sign. We have a huge gap up here, so this is a little bit concerning you know. The lack of price action between 80 cents and a buck 62 is usually going to be filled with time. Now, i don't think it's going to happen on monday tomorrow at market open, obviously, because we had some pretty massive news come out on ocgn.

I do think we're gon na see a huge amount of buying pressure. I think we're gon na see huge amounts of volume. Huge amounts of volatility and a large spike up in this price. You know, i think you know retesting.

This three dollar range is going to be very easy for the stock, i'm going to draw it up as a level of resistance. Just so you guys are aware. We are looking at three dollars and five cents as the immediate level of resistance. We did test this on december 23rd.

However, i do think it's gon na be very easy to recover that ground, but first, of course we're gon na be looking at recrossing two dollars. This is going to be an immediate level of resistance. You might, you might be asking you know why two dollars well, humans are simple creatures and they try to make things as easy as they can for themselves, and two dollars is a very, very easy, easy. Nice round number and uh people can always keep that in the back of their mind, so we're gon na cross two dollars and then look for three dollars and three dollars and five cents.

I do think that it's going to be very easy to break through we're gon na have a huge breakout. If i had to guess just based on how huge of news that is uh the second most populous country in the world, india, having covered vaccines rolling out the next few weeks, that is massive. So i do expect a large amount of buying pressure. The warning here, if you are not currently in this stock, i do give you a bit of warning not to chase if you are going to get into the stock.

I would really really really try hard to get into this in the pre-market, as i do think, you're gon na see a large run-up right off the bat in the pre-market. This stock does have a history of gapping up, as you can see, uh we we went from 80, some cents, all the way up to a dollar and some change. You know the higher one dollar range over the after hours and pre-market, so that is uh. That is a huge piece of the trend here, so if you're going to get into this stock, i do not recommend getting it right at market open.

You know it is possible. We continue to see the run-up during regular market hours. As you can see, we had. We did go, you know from two dollars and five cents all the way up to 260, so you still could make a good profit, but just be cautious, because the amount of run-up that we might see could very well come back down during the regular trading hours.

That does happen sometimes so just be cautious manage your risk decide if this is an investment that you're that you're willing to take on if you're. Looking at this as a mid to long term investment as a mid to long term investment, you honestly might want to wait for a pullback. It is possible that it won't pull back, but it very well is possible that it will, because it already has seen immense growth over the last week. You know a week ago we were trading in 30 cents right, so this has seen 500 to 700 growth in the matter of a week, and a price correction is going to happen.

We have the beginning of one like we are beginning a uh, a bearish trend. However, i do see this uh discontinuing. I do think there's gon na be an immense amount of buying pressure. Uh three dollars, four dollars: five dollars all very possible for octogen um.

The volatility should be absolutely filthy on this stock. On monday, i do expect a huge run-up, so watch for potential entry somewhere between a buck 73 and two dollars. If you can get in this in the pre-market, that is the perfect opportunity to ride the hype. If you can beat the hype, that's going to be huge, it's going to be difficult, but if you can wake up early, i think that is the best way to play this stock now in the immediate side day or swing traders, which is what most likely all Of you are going to be doing, we are looking at a dollar 75 as the immediate level of support and resistance sitting right around here at 1.95, and you can see here.

Two dollars is also a level of resistance, as i had mentioned earlier. In the macroscopic view of this stock, so look for an entry anywhere between 1.75 and two dollars. If you can get in there, i think you're going to see a huge amount of return in a single day. I would not be surprised with 100 to 200 percent.

Just based on the necessity of the coveted vaccine as a whole, that is going to be a huge piece of the puzzle here so make sure that you're watching that volume, you know we have been trading at between 38 million and 52 million shares a day. If you see anything about 50 million shares traded on this stock, the volatility is going to be absolutely insane. We should say a pretty large gap up like we saw here on octogen. I would imagine the same thing is going to happen again.

So if you see that volume pay attention to it, the overall trend is bullish. Um i mean obviously we you know six months ago, we're at 23 cents and now we're sitting at 1.83. So if you got in anywhere in this 30 cent range, let me know in the comment section down below how much money you've made, because that is insane. That would be absolutely filthy.

Disgusting returns. This actually was not on my radar whatsoever until it was brought to my attention by the subscriber hugo. So thank you, hugo for bringing it up to me. This is very interesting.

I actually think i am going to establish a position in this. I usually wake up at 4 or 5 in the morning, so i do plan on entering this if it is in that price range, i am not going to chase, though, and i do really want to emphasize the amount of risk that is going to come with This, if you do chase, if you buy in at an all-time high of three dollars, it might keep going up, but it might not. You might get stuck holding the bag. So if you are going to get into the stock above this price range, i do recommend setting a stop loss.

You know if you, if you'd like to go a little less conservative with the stop loss, you could aim for 10 to 15. That way, since it is volatile, you might be able to hold your position if it goes back up, but i do recommend doing that if you're gon na get in anywhere above this dollar, seventy three to two dollar range, especially if you buy in you, know near The all-time high currently of three dollars, please do set a stop loss. I do think that is the best way to manage your risk here. Of course, i'm not a financial advisor nor expert.

So do your own due diligence make sure that you're making your own investment decisions, but i do think that is the best way to play this stock. I am very interested to see how the price action plays out on this. I would not be surprised if anything in the four to five dollar range at the end of the day on monday. In fact, it might even continue to run up in the after hours.

We might see five six dollars on this. It would not surprise me in the least bit so do be watching for the stock. I would keep it on your watch list. If you can't wake up early and get into this, i do recommend it very highly.

So, thank you to subscriber hugo for the subscriber requested stock of the day. This is an awesome one. It's a great opportunity for people to make a quick profit. It is a easy money play as chris sane would say: um.

It seems like clear as day bread and butter easy money, so that is what i have for the video. If you enjoyed it, please drop a like. It really does help support the channel and consider subscribing. If you like to see more content like this, i do subscriber requested videos every single day.

So if you do want one covered leave it in the comment section down below and i may choose yours for the next subscriber requested stock of the day. Lastly, i do have an affiliate link to tubebuddy in the description box down below now. Tubebuddy is a website that focuses on seo, optimization, which is basically allowing your videos to be searchable on youtube, and i do myself pay a monthly subscription for this company of about nine dollars a month for the pro membership. I would not recommend this to you guys if i did not personally use it.

It is a great tool. It helped me get to a thousand subscribers in 17 days, which is absolutely awesome. Thank you guys so much for the thousand subscribers. I cannot believe the community we're building out here and they also have a free option with a few less tools and resources than the membership options.

So i do receive a commission if you do use the link in the description box down below. It is a great way to help support the channel if you're interested in doing so, and if not, i just appreciate you guys being a part of the community part of the crew, and that is all that i have for you today. So thank you for watching the video, my friends and i will see you all next time. Peace,.