CGEN Compugen Weekly Chart; Falling Wedge; Oversold; Positive Divergence; Price Extended to Downside

CGEN has been ridden hard and put away wet. With that chart it looks like it is going bankrupt. Interestingly, however, the 2-hour, daily and weekly charts are all set up with positive divergence. CGEN is also oversold agreeable to a bounce in all time frames. The falling wedge pattern is bullish. Price is extended below the moving averages requiring a mean reversion higher.

Keystone took a flyer on CGEN on the long side looking for a bounce here but will not stick around long if she keeps dropping. It is a highly speculative play and it will be interesting to see if she pops. Speculation is fun. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added 10:07 AM  EST: CGEN sits on the precipice at 1.28. Will she rocket launch to the moon or blow up on the launching pad? She's fueled-up.

Note Added 5:46 PM  EST: CGEN 1.29 with HOD at 1.31.