First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I am bullish on OLED and can easily see a price increase of at least to the $175 range by early August (likely sooner). Consumer electronics demand is also expected to surge in the retail markets given easing up of Covid19...
DISCLAIMER. This post is for educational purposes only and should not be construed as investment advice. Your use of the stock observations is entirely at your own risk and it is your sole responsibility
$200 is a major level to watch in OLED where POC and fibonacci .5 level converge. Risk of forecast been cut as a result of Coronavirus. High risk high reward
Someone remind me, lol. This one always pops up on earnings so grab some calls.
The past several sessions have indicated a bearish trajectory towards the downside with lower lows on the daily to form a bearish flag pattern. The 50MA is curling to pave a path for a death cross scenario. With earnings on the horizon, if results are not stellar and guidance is lower, it can send this quickly down.
With the corona virus infections increasing in proliferation, we are facing manufacturing/output headwinds for all suppliers of China manufacturing. Until these fears subside, will expect to see further downside.
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)....
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.
OLED retesting ATHs on minimal volume with bear divergences on MACD & RSI. There’s 2 nice gaps in the daily I’m gunning for with the second lining up with POC on the VPVR... might be worth a look for a short...
Its a bulll in the afterhours, blown past expectations and warrants the huge 15% move, despite this bullish action it has room to go and could go there very fast if the markets stability continues. It is a risk to be jumping on it at this level, wisdom would dictate wait for some profit taking or market weakness to get in. Earnings highlights, Source...
Complete chart reversal Probably a short on all bounces until it can establish a base
After a classic Fibonacci retracement OLED is taking its way back 2 the top?
Chart looks good here for new highs potential 190 plus today
Universal display posted much better earnings than expected on Thursday after-hours, resulting in a massive 15% pop in the premarket today. OLED also increased its 2019 outlook which is definitely against the trend in the sector. Having already gained 67% in 1 year, now may no be the time to be jumping in, but it is one for the watchlist on any pullback in the...
I have enjoyed following OLED, but I've been holding off on an buying opportunity for the stock to either begin to rally again or to become a little cheaper. This stock has weathered all of the hard down days in Q1, so it's the rally I'm seeing now. They're an interesting company because they're grouped with semiconductors but tend to resemble business aspects...
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