breakoutfakeout

Buy OCGN ocugen inc. Short squeeze anyone?

Long
NASDAQ:OCGN   Ocugen, Inc.
Few day trade stocks for you this week, those on margin accounts, quick in's and outs or perhaps hold a little longer if your not on margin and just love the fundamentals. Sorry I didn't have time to post ROKU star performer today but boy did it fly.

Potential flag break here. Daily reversal on extended hrs chart looks good

We can squeeze a little profit here perhaps, stop at the low in case the gap fills further.


Could be a short squeeze, stock twits loves it.
Trade closed manually:
5 min averages turned bearish on this one and we saw no follow through perhaps its one for another day
Comment:
Just a little extra help to answer the few questions below. N.B I am not in this trade.


We can see price has retraced 65% into a bull flag break, personally I wouldn't be taking the trade break up here as I don't like such a big retracement with a gap underneath, also the MACD and volume are bearish. It's quite possible that price may completely close the gap in a market cycle fashion. I closed out yesterday and I'm glad I did. You win some you lose some. It may break up, but technically it isn't that strong. Holders should be prepared to hold for the long term and only hold if they really believe in the company, or the power behind a bigger short squeeze (which may have already happened).

About me: I'm a retail day trader (trading since 1993). Most ideas here are for short time frames and become profitable quickly. I take profits fast as things change fast. 1-2-1 mentoring sessions available.




Telegram coming soon.
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