OCGN Trade on Dec 23, 2020 12:06 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

Float = 155M

Catalysts / News / Painting the picture

-Dec 22 2020: to Co-Develop COVAXIN™, a Whole-Virion Inactivated COVID-19 Vaccine, for the US Market

Technical Analysis

-SPY pattern: Mountain
-Intraday pattern: Ascending Triangle
-Other notes: Float locking rigging on it all day, choppy

Strategy / Confluence / Sizing Guide / Risk

Strategy: Type 4 trap long
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 1000
Risk (stop / Rs): 2.72

Review / Lessons Learned

Many got chopped up on this today including me, the Type 5 play was there but I never felt that this was the type of stock to have a Type 4 trap as its too thick. Grade was low so I should have taken it with less size. -1R

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-12-23 12:06:14	OCGN	buy	$2.780	long
2020-12-23 12:06:55	OCGN	sell	$2.720	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=OCGN&trade=24001023&end=20201223123655&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=OCGN&trade=24001023&end=20201223133655&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=OCGN&trade=24001023&end=20201223160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=OCGN&trade=24001023&end=20210122&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}