OGEN 4H Chart Short Term Idea.

2020年7月18日

*This is my idea and not something that will happen. I am not a professional analytic or trader, do not take this as a financial advice.
Remember do your own research on the company before buying or sell and do it at your own risk. Also like any other investment there is a risk of loss or earn money. *

OGEN in a short-term Idea in the 4 hour Chart looks very bullish for me. Using those triangles pattern, the Fibonacci Retracement and using as a reference the current uptrend momentum I think a next uptrend can bring the stock price up to $1.61. The stock price still trading above that SMA 200 and SMA 50. Candles are doing trading also above the EMA 10. Also company is working in the development of a vaccine for the COVID-19 and this could help attract investors.

Good luck to all short term and long-term traders.