sinkswimortrade

Filling the gap! Short trade on OLED

Short
NASDAQ:OLED   Universal Display Corporation
Expecting the chart to fill the gap to about $180.
Entered the trade when the price was about $196 . Did a bear put spread (Buying the 200 Dec put option and selling the 180 Dec put spread).

Weekly and Daily pointing to further downside. MACD heading down. $180 is the next support.
Comment:
still in the trade
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