OLED's Major Long Potential
Easily in my Top5 picks right now, right next to AMD. Beautiful technicals for the past couple years, but especially at the present time. This stock could be trading at 300+ mid next year if the markets don't fail within that timeframe.
I've known this company for many years never knowing that she's trading on the US stock market (thanks for the tip-off @HHSPN). This company will soon be Apple's main OLED display manufacturer after Samsung. And considering the rumors about Apple's All-OLED displays for next year's complete iPhone and iPad line-up, this is going to be an incredible long-term investment.
Zoom out to see the stock's successful breaking out of a 20y old 'Rising Channel'.
I have found 0 (zero) technical mistakes in the stock's current performance. The rule-of-thumb (as shown purple) calculates the valley-to-peak performance, giving the stock an additional value potential of +130% from the point of breakout (around 160). Note that we're not talking about the rising channel breakout, but the following intermediate formation, which usually decides if the stock can continue or reverse.
Safety First:
Below 158 is "heads-up". Stay neutral and hope that it won't go under 143.55 which could send the stock back into the channel. Extremely unlikely at this point.
Entry Point:
Technically the stock wants to go trade sub 170. All you have to really look for is this month's PSAR point. Look how the October candle only touched the point and reversed, closing a positive candle – that's a sign for huge support. The stock is somewhat likely to just turn around at 180 and blast up through the roof from there. If the point breaks at about 169.60, the stock could try to venture further down losing another 10 points. But as long as its above 158.00 the stock is a strong-buy. At any point in time below line 'x': if the stock returns above 'x' = rally starts.
I will be updating this post continuously below.
(trend-lines have been averaged on step-line over log for higher precision)
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WEEKLY
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DAILY