- OLED screen maker like Apple IPhone - Cup with handle breakout - Volatile actions but finished with +19% profit
No rising wedges noted Fighting at R from prior gap down That R will become S if it makes it through Not a recommendation
This is a pretty simple chart - Below 190 and we’ll see 160, but above 205 and we’ll see 217 and then 228. With the 20 million revenue beat and 60%+ surprise on EPS, I’m thinking we see ATH’s with a market recovery. Be careful with the election, but this is a safer bet in a sea of risk if you ask me!! Another one of the stocks winning from this Covid-19 push...
Volatile stock as a rule I saw the bull flag and did not get in. Now I am hoping for a pull back so I can Guess I was sceered. Possible T2 234 to 254.1 Just not a stock for everyone Be safe Not a recommendation
Also a Bull flag in the chart/target for BF would be 200/Long entry for BF is 184.75 This one can be volatile...and when she moves she moves! No rising wedges Possible pull back and not to entry level Not a recommendation
Ascending Triangle Descending volume 250RSI at 50 Cons PPS below 50MA and 200MA ATR descending, lower volatility 200MA descending If confirmed Target 1 = 170.04 Target 2 = 190.51 Target 3 = 208.19 Target 4 = 218.42 Target 5 = 229.59 Target 6 = 230.29
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
Expect more downside as we head into earnings. A break of the 1yr trend line means it goes to $160 real fast.
$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.