OLED trade ideas
OLED, trade ideaI keep looking at OLED, because I want to own it for the long run. Short term, it looks weak and could drop further. Stocks tend to, but not always fill gaps. So when a stock opens a lot higher from the previous day close it forms a gap. Eventually the prices come back to close the gap. See the chart. Now, notice the big gap on OLED. I'll look to buy it at $91. I see it going much higher eventually based on the technology. I want to get in this technology.
OLED LONG NASDAQ:OLED
Nice bull flag and has been showing strength since the slight market selloff that wiped traders out on the 21st. barerly even budged. even after earnings it held that old 67.25 support level showing relative strength, next day buyers showed no mercy. Then took a breather now that the setup is there looking to go for another 1. Entry- 86.20 Target- 93+ Stop- 80.12