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Universal Display Corporation
Long

OLED Long Idea

By bhowe
Updated
I have been watching this one, to see if it would pullback and fill the gap. I like the product and think it will explode everywhere. OLED pulled back but didn't fill the gap. It is now above the 50sma. I think its time to buy.
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It looks to me like OLED is breaking out of a bull flag formation and will not back fill the lower gap. Price target would be $158 from here. I think it would take a major market correction to pull this down.
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Running strong, pullback tot he 25sma expected then higher
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I like this stock, fundamentally. I think OLED will have their technology everywhere in the next few years. I would like to see it stay above the 25sma here. Still looks good
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OLED has been a good trade. Some bad news is triggering some selling. Im hoping the selling drys up here. We have a double bottom at the 1000sma. Set stops just below.
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OLEDTrend Analysis
bhowe

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