$OCGN here are my thoughts ahead of Friday. We clearly finished the day in a flag pattern after the flagpole and gap up. The fact the up move wasn’t retraced is a strong sign of support. In a flag, typically, buyers who don’t want to miss the next move up (FOMO) jump in to eat shares from profit takers and shorts. Likely same whales did as well. There is support on the uptrend line near the current flag point as well. If buyers continue early Friday (good possibility given AH accumulation and higher close), we could see another gap at open and/or a rebreak of .40. A continuation break out could land us anywhere from .51-60, which are next pivot points. If bears are strong Friday morning, they might test the gap for a fill to .315. The .35 support line held equally strong all afternoon, as shorts were largely on the defensive. A couple other positives: We are above the MACD signal line, the 4 hour RSI is above the 30 level first time since 11/6. Adx uptrend shoeing on 20m and higher.
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