$OGNPotential end of a 5 wave pattern here. Looking for some type of retracement. Maybe a start of an "ABC" correction pattern. Taking profit on the "A".
OGN trade ideas
$OGN*For share traders only. Not meant for options.
Green: Entry Point
Blue: Start of Week
Red: End of Week
Thumbs Up: Trade Available for Week
$ Amount (Numbers Above): Price Targets
*I don’t believe in sharing strategies or outlooks due to the idea that it could cause someone confusion within. It’s important in trading to find your eyes and do things that match your scope of understanding. Over time, if the work is put in, you will create a strategy that in most cases aren’t full proof, but something you can lean on creating an edge for yourself. This strategy is based on a mix of volume analysis, Elliot Waves, retracements, and candlestick anomalies.
OGN Harmonic: Monthly Deep-Crab Organon & Co. is a science based global pharmaceutical company, which develops and delivers innovative health solutions through a portfolio of prescription therapies within women’s health, biosimilars and established brands. OGN has a moderate quantitative fundamental score (Greater than 5) with good analyst prospects (Buy and Hold ratings). Furthermore, OGN has a minor dividend pay out @ 0.56 per share/year (2.3%). Therefore, this OGN long play has moderate value at this price-level (24.72).
In this idea, we have a deep-crab pattern reversal and two price targets. I set the stop-loss for 3.32%; however, I'd consider carefully averaging into a position on this trade, if price goes below the stop (I don't expect it to). Once the 0.382 target is acquired, I will sell half of my position and set the stop-loss to trail the position by the 'Average True Range'. Once price has reached the 0.618 target, I will sell the other half of my position. The first target nets 18.2% and the second target nets 34.1%. Averaging these percentage gains out and adding for the dividend (I expect to hold this for at least half-a-year), one would profit approximately 27.2% of their original investment.
Good luck and trade safely!
OGN OpportunityI like everything about OGN, but the most important aspect of this company is it's incredibly low P/E compared to growth. With this IPO'ing last year, I don't think investors have had enough time to grasp the potential growth of this company. Or perhaps not enough investors are following along. Either way, I feel like we have a gold mine on our hands. I loaded up more calls for April today and expect earnings to be good (again) at the end of March.
Not financial advice
OGN 20% potential I believe OGN has a great future ahead of it. With a P/E of 4-5, I think this stock has plenty of upward potential in the coming years. As for now, OGN is incredibly undervalued and based on fibs I see a move back up to its resistance at 36 in the near term. Calls are highly favored for this stock.
proposed completed WXY long setup for $OGNelliot wave theory = game genie
i almost always need both geometry and fibs to support a proposed count along with divergence confirmation but this time no obvious support from various fib pulls. however even if the count is wrong, very likely to bounce its just a question of how much. 3-4-5 to 1 or 30-40-50 to 1.
OGN Major Upside PotentialHello traders / investors, im looking at OGN as a potential swing opportunity to the the upside, its IPO date was June 7th 2021 with an all time high of 38.24 and then sold off followed by a period of consolidation.
The Weekly chart is showing Bull interest is kicking in.
I do not know much about this IPO nor do I care about their fundamentals, My plan is to swing this stock on a break above 36 with volume.
as long as the techncials line up with solid risk reward I believe we have solid opportunity here.
