OCGN Charts and Analysis - Avant-Garde Investing

OCGN Charts and Analysis

Research OCGN (More charts, high-low gauges, historical data and company profile. Share on Stocktwits

Last Update: May 8th, 2021

Join our elite trading community! Free/Basic and Premium options available!

Posted: 5/8/21


Posted: 5/2/21

Ocugen retested its critical medium-term consolidation and short-term flag resistance levels Friday (4/30/21) before pulling back some. It needs to breakout soon to avoid a pullback toward Support 1 around $10. A break over Friday’s high of $13.37 is key to overcome the descending highs on the resistance trendline. A clean break should bring a massive volume surge and likely continuation toward the low-20s. Daily RSI is high at 74, but this isn’t uncommon ahead of a fast-moving breakout. RSI can easily run to 90-95 before buying exhaustion truly kicks in. Be aware for a fast, sharp retracement when that point is reached, with the breakout level providing initial support. The short-term flag presents a very bullish orientation with a positive high-low correlation on the daily candles.


Posted: 4/19/21

Subscribe
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0
Would love your thoughts, please comment.x
()
x