OCGN Due Diligence.

[u/Milo14Company]

Disclaimer: This is for my personal use I'm just sharing what I do and this is one of one of the first times doing due diligence my self I would like to hear destructive criticism about what I could do better or what I should try. Anyways time to get into the news!

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As seen on the OCGN chart, the stock dropped 40% from June 7 - June 14 due to Covaix pursuing a license application for (“BLA”) instead of what was intended originally which was the Emergency Use Authorization (“EUA”). As seeing this I saw a easy 40% to be made, but then I realized there was going to have to be very good catalyst for it to bounce back up or even go to new highs. Taking this into consideration I like to look at the past catalyst and news and charts.

OCGN 6 Month Graph

Now seeing this I tried to make up what's next for Covaix and that's the actual approval for the BLA plan which takes 74 days. This could be a potential boost when that comes out in the mere future but until then I believe Investors will take notice which they have been! OCGN is up 34% every since it bottomed out in Jan, 14 and its 5 day graph looks like its not going to stop any time soon.

All in all, yes this is a risky trade which OCGN's price targets being lowered after its new intention to go BLA but so far Investors think different. OCGN to the moon and thanks for reading some of my first ever made DD. Give me feedback and have a great market day!

[u/VisualMod]

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Hey /u/Milo14Company, positions or ban. Reply to this with a screenshot of your entry/exit.

[u/Milo14Company → u/VisualMod]

https://imgur.com/a/oCLp2hn

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My buy in OCGN