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Ocugen Stock Analysis: Ocugen (OCGN) is a company that is expected to roll out a COVID Vaccine (AstraZeneca) to India, the second most populous country in the world, in a couple of weeks. Ocugen consequently was expected to see an immense amount of buying pressure and is trading over 100% higher in pre-market on Monday, Jan 4 2021. Pending FDA approval, Ocugen stock could see another massive runup. In this Ocugen Stock Analysis video, we cover the macroscopic and microscopic view for both mid-to-long term investors, and swing or day traders. We also establish levels of support and resistance, analyze daily trading volume patterns, bullish and bearish trends, volume moving average, and potential entry and exit points for this stock on market open Tuesday, Jan 4 2021.
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OCGN Fundamentals: https://www.marketwatch.com/investing/stock/ocgn
OCGN Article: https://www.cnbc.com/2021/01/03/india-approves-astrazeneca-and-local-covid-vaccines-rollout-in-weeks.html
OCGN Stocktwits: https://stocktwits.com/symbol/OCGN
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What is up, everybody welcome to traders 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 like the premise by saying that i'm not a financial advisor nor expert. I understand man i'm doing youtube, so take what i say with a grain of salt. I need to drink a do holy cow. My throat was dry.

My apologies. 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 am now happy to say that i am financially free, so if i can pass along any of the information, resources or tools that are given to me and make your lives even if a little bit better, that's all i can ask for. Lastly, if you would not mind drop a like on the video really does help support the channel and consider subscribing if you like, to see more content like this, as i do post videos every day, multiple times a day. Now, i'd like to give a shout out to the first four patrons that joined over the patreon zack, francis and brandon, thank you for growing the growth tier and mike sanchez.

Thank you for joining the tier filth. I appreciate you guys the support so much. They are going to have access to the private discord, be able to balance different trading ideas off each other and they will get first first access to my portfolio and daily trades. So with that being said, let's take a look at ticker symbol, ocgn ocean incorporated and i would not have been able to get the stock out to you guys a couple days back if it wasn't for a subscriber that recommended this stock to me.

So i just want to thank all of you guys so much that's. What makes trace trade special the community out here special is the fact that uh, we all work together to find the hot stocks. All i do is the technical analysis guys. I just look at the charts and i decide whether or not i think it's worth buying and then based off of what you guys give me.

You know if it weren't for you, we wouldn't have even made money on this stock. So, thank you guys so much for putting this on the radar and we're going to talk about you know different resistance and support levels that we're looking at right. Now, the the trading trend, the overall bearish and bullish movement on the stock, the volume weighted moving average. The rsi indicator we're gon na look at this from a macroscopic and microscopic point of view, so that i can make your investing decisions a little bit easier now.

I do want to disclose that i do have a position in this stock. I am currently in ocg and at a dollar cost average of about three dollars and 20 cents with 500 shares, and my game plan is to hold this until we re-test, possibly some of the pre-market highs, and we did touch about 3.76, so um. I will get out of this stock if i see you know i'll break through some support levels that we're talking about i'll, take a small loss on the stock, but this is a. This is a more speculative one, but i do think it has potential, and let me tell you why oxygen is a company that is releasing a covered vaccine for india, which is the second most populous country in the world, and we are still expecting a news catalyst To come out on occagin, they are pending fda approval on the vaccine, and if this fda approval does go through and they are approved, i do anticipate we're going to see another massive run-up on oxygen.

If any of you guys have any information on this fda approval, when we're expecting it, please let me know in the in the comment section down below that way: everybody here can be up to date with what's going on on oxygen but uh. Let's just lay out the levels of support and resistance that we have so we're going to see a pretty solid support right here at about two dollars and 88 cents, and we are pretty close to that right now in the pre-market. If you do see you know initially, if we, if we change this to the two-day chart, you can see that we saw a pretty heavy amount of buying pressure. We did shoot up to about 2.76 and then since then we have been very bearish.

We have been dropping off and if we look at the charts here, you can see that we've done kind of the same thing right. A lot of the price action that's been happening has been gap up movement, it's been all in the pre-market and after hours, and we did reach a high of about four dollars and sixty cents. So a lot of the movement on the stock does seem to happen during that time. So do pay attention to that trend.

I mean, if you actually look at uh the price action on this stock uh. Most of it has actually happened in the pre-market and after hours, so i am interested to see what we do see during the regular market hours today, because, historically speaking, there's not a lot of movement during that period of time. If anything, it is bearish. So that would be interesting to watch, but with that being said, you know we do have support at 288 and the next level of price action is right around here we do have a level of support which was a prior level of resistance at 277 and then, After that, you know, our next level of support is going to be right around here at 2.44.

So, if you are currently in this stock, you know it's i'm going to leave it completely up to you. We are, depending on you, know, fda news catalyst. We are expecting them to approve the vaccine and if they do, i do think that is going to push this stock up pretty decently high. You know i can see us pretty easily crushing this.

This 460 uh price valuation that we had prior. I would not be surprised with five six, even seven dollars if that fda approval does go through, so you may be looking at a small loss uh if you are in the stock anywhere in the 277 to 340 range. But personally, i do think that it's likely to happen and it may be worth holding on to a you know a three to five to ten percent uh loss so that if that fda approval does go through, you know you can you can ride that momentum up With the buying hype and if that fda approval does not go through at that point, i would definitely consider taking your losses if you're not up on this stock. But if you got him when i told you guys to you know when this was on my radar thanks to my subscribers um, you know you got in probably around a dollar or you know under two dollars at the very least, so you are definitely looking at A profit right now, most of you guys, are probably up over 100.

So at this point, you're playing on house money anyways. So if you'd like to you know, maybe a way to play, this is to take half of the the investment that you have take half your position, take profits and let the other half ride if you are nervous about it. Personally, i think i'm going to let my my investment on this ride. I am in higher than you guys were.

I was in on bio nano genomics and i was not able to get any dry powder in this until i sold out of that position. So i did get in a little late to the game, but i do feel very solid about my position and i do see some potential upside here in the future. So we are going to be looking to hold this level of support at 288 and we are currently coming pretty close to testing that out in the pre-market at the moment, and then we are going to look to push back push past a couple levels of resistance. You know in the near side we're looking at 325 and then after 325, we are looking at 3.77 and if we can push past 377, i would not be surprised with the end of day price valuation over four dollars.

It is just going to highly depend on when we get this fda approval. What kind of news coverage we're seeing in india will we have any news coverage in uh in the in the states? You know this is all going to affect the price valuation on oxygen, because this is solely been pushed by news catalyst right. If you look at the price action in the past, it was pretty flat, lined a lot of neutral movement trading, pretty much at 30 cents without any sort of fluctuation whatsoever, and now all this price action you know we are seeing a pretty pretty steady drop in Volume, since this this initial two day spike, however, it does look like we are just beginning to heat up. This is looking a lot like jag x right, so the volume action that we're seeing here uh this is a this - is a small bump like we saw out of jag x.

So this could just be the beginning to be honest. Granted this has been pretty bearish price action right. A lot of it has been profit taking sellers, it could be short sellers, but nonetheless it is a bump in price action. So i would not be surprised if we do see another run-up on this stock, as a lot of this has happened in the pre-market and after hours off of not a lot of volume.

Right i mean we do see a decent amount of volume right here that at this point profit-taking i would i would you know wager to guess, but i do think it is likely that we see over four dollars here. So, if you're looking at this, you know my plan is to swing trade. I uh i, i will probably hold this for anywhere between a day to a week, if necessary, i'm looking at you know anywhere between 10 to 50 margin of return, and if we do get that fda approval, i think this is going to be an easy another Extra 100 run up on this stock, but of course, if you guys got into my entry point that i suggested you're already doing fantastic for yourself and you're, probably not sweating too much whatsoever because you're already up 100, the rsi indicator. If you take a look at that real quick in the pre-market yesterday, we were extremely oversold.

You know anything over 70 is oversold and overbought as i was anything over 70 is overbought and we were looking at 96 right, so that is, that is very heavy, and that is why we are likely to see this. You know pretty neutral movement in the rsi. In the regular market hours - and you know, if you look here - we were approaching 70, but not quite overbought at this given time right now, we're approaching oversold. So if we do approach oversold at market open, i would not be surprised if you see some buying pressure begin to step in, especially with anticipation of fda approval and the fact that we have not seen anywhere near as much volume as we did in these two Days right, so, if we do approach these these volumes that we have seen in the past week, you know i would not be surprised if we push over four dollars, five dollars six dollars.

This could be another home run so um. If you do have a position in the dollar and some change range at this given moment personally, i would consider either holding your investment to let it ride. Uh. You are up over 100 at the moment, so the risk is, you know, not extremely high um, but if you don't want to do that, i would consider taking profits on half of your your position and letting the other half ride to see.

If the fda approval does go through, as i do think, it is very decently possible now the seven day trend is overall bullish. We are looking at pretty bullish action uh. Currently, we are trading under the volume weighted moving average, and this is slightly different from the volume moving average. This does take into consideration overall volume, either additional or lack of and just gives.

I feel a better indicator of you know whether we're looking at bearish or bullish movement, and we are currently sitting just under the volume weighted moving average. So just slightly bearish. We are going to be looking for a bounce of 288 and, if not 288 277. As the next level of support, as we have a couple touch points here as prior level of resistance, so do be watching for that at market open.

If you'd like to get into this stock, you know try and try and establish a position anywhere between 244 and 288. I think you're going to do pretty well for yourself, especially if you do get that fda approval on the vaccine for india. This stock is going to be an absolute out of the park uh hit for sure. That is what i have for octagen today guys.

I hope this video was helpful. Please let me know in the comment section if you made some pretty nasty filthy disgusting returns on this stock, i'm very very happy for the subscribers that we have here. Thank you for bringing this to my attention. Like i said before, i could not do this without you guys, that's what's special about the community uh, you guys bring me these stocks.

This was not on my radar whatsoever. The biopharma pharmaceutical sector right now is extremely hot. This is where the money's flowing and uh that was not on my radar whatsoever, so you guys are completely to thank here. I all i did was look at the charts and tell you you know this is what we're looking at right and it's looking really promising.

So, thank you guys very much if you enjoyed the video, please drop a like. It does help support the channel. Consider subscribing if you like, to see more content like this and lastly, i do have an affiliate link for tubebuddy in the description box down below now. Tubebuddy is an seo optimization website that i personally pay a nine dollar per month subscription fee for for the pro membership.

I would not recommend this to you guys if i did not personally use it, and i do highly recommend it. If you are a content creator or looking to become a content creator, it is completely what i attribute uh going from zero to 1 000 subscribers in 17 days to so. If you do use my link, i do receive a 50 commission on your investment into the into the website. So there's a great way to support the channel.

They do have a free option as well with a few less tools and, if you're not interested at all, i'm just glad to have you here as a part of the community. So thank you for coming to the video today. My friends and i will see you all next time: peace.

By Trey

9 thoughts on “Ocugen will reach $6 if this happens! // ocugen stock analysis technical analysis”
  1. Avataaar/Circle Created with python_avatars Hexican says:

    2300 shares at 2.75 sitting pretty obviously and this is only the beginning hope u jump on board ๐Ÿš€๐Ÿฆฌ

  2. Avataaar/Circle Created with python_avatars celine shim says:

    YALL it went up to 5.90 in the last hour!!

  3. Avataaar/Circle Created with python_avatars PEPPER STONE says:

    Money

  4. Avataaar/Circle Created with python_avatars M Seber says:

    Trey my man, i got one intresting one onconova

  5. Avataaar/Circle Created with python_avatars Ghost Shark says:

    I bought 2000 shares at .63 just in case!great video , great channel!!๐Ÿ‘๐Ÿ‘

  6. Avataaar/Circle Created with python_avatars Cameron Andrew says:

    Im currently left holding some heavy bags on OCGN.

  7. Avataaar/Circle Created with python_avatars manan Bakhtiar says:

    FDA they gave them a week

  8. Avataaar/Circle Created with python_avatars Tyler Snook says:

    Whatโ€™s your opinion on cruise stock?

  9. Avataaar/Circle Created with python_avatars JEANS A says:

    Thanks:)

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