Get started
Universal Display CorporationUniversal Display CorporationUniversal Display Corporation

Universal Display Corporation

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options

OLED trade ideas

OLED - Trade working nicely but lets not get greedy!We have been closing out some trades, yet still have a few open like OLED. We bought some shares of OLED, but we are also long the SEP20 140 Calls from 30.89 which are now trading around $46. Nice $1500 profit now, but it is never profit till it is realized. As the market climbs we have been reducing risk and I will likely close this one out as well, since I bought some shares and there is no reason not to take money off the table making it a profitable week of trading. We still have the BROS and BITOs positions open along with long some shares of META, OLED BLDR and BROS. Anyways may take the money off the table and run here as well, give it a little more time, but we are now seeing all those bears and the sky is falling dotes, jump into the market because they are missing out. That is when we want to exit stage right and look for the next setups. Keep posted and again, unlike these FURUS selling trades, that live in an apartment and mom has to sign for their car lease, these are all real trades with real money.
NASDAQ:OLEDLong
by goldbug1
Nice 10w Flat Base, but substantial resistance overheadI like the base that is forming in OLED 165 pivot point. Notice 5 weeks of tight weekly closes - good sign of potential accumulation is happening. Overall structure looks mid-term bullish to me and my ElliotWave analysis (EW). Although, one shall be mindful of important resistance in 171-180 area, that my cause price to correct to back to 152-141 support zone, before it moves to higher resistance targets (>190). One important caveat to EW: I use it solely to have an idea about sentiment and overall context to support, but not guide my investing decisions. Price and volume is the key, and only price pays, not the fibonacci resistance or any wave count. Short-term trading thesis : quick scalp longs could be considered if price breaks above 165 pivot with volume support. 171-179 area could be used as profit taking target to at least to finance the risk.
NASDAQ:OLEDLong
by artemfedorov
ABC BullishPossible stop below C. Target is D. As a rule, price will reverse at D. There is a wide Channel Down top trendline that may get in the way of this pattern reaching full targets. If it were to break this trendline by some chance, further targets would be 129.2 and 136.25. Hard to even predict what will happen on Monday much less if or when this could reach that trendline )o: Short interest is around 2.37% No Recommendation. The Auto-Fib tool on here helps to pinpoint this pattern. C will be at 0 or at the bottom of the fib table. QCOM is also in an ABC Bullish pattern and C is 106.82. If I looked I imagine most semiconductor stocks are in this pattern right now.
NASDAQ:OLED
by lauralea
OLED looks overbought again, time for snapback?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on June 3, 2022 with a closing price of 124.42. If this instance is successful, that means the stock should decline to at least 123.68 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 2.843% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 6.8475% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 12.939499999999999% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.5% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 5.0 trading bars; half occur within 16.0 trading bars, and one-quarter require at least 31.5 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NASDAQ:OLEDShort
by StockSignaler
Cup and HandleOLED broke up from it's C&H pattern a while back..the last daily candle from Friday is a indeterminate. Long with some caution... It is not overbought or oversold and RSI is pointing down. I have noticed RSI direction can change in a heartbeat but by definition RSI is a leading indicator precedes a price move. It was recently overbought on the RSI indicator and there is a possible recent divergence on daily but not on the weekly time frame. In a bull market, some set overbought levels up to 80, even 90 and oversold levels at 30 to 40. This is not standard though. Divergences can be powerful analytical tools that can help identify ‘dishonesty’ with the price action. Divergences can give traders a heads-up when a bullish or bearish swing may reverse but I find divergences to be more correct on the weekly time frame. I have noticed divergence are not always immediate price changes and may take weeks or months in this market to be a factor. As stated the divergence is Not there on weekly, but this is an example of a bearish divergence. Price forming a upward trendline and the RSI forming a downward trendline is a divergence but some use the weekly chart to confirm a convergence. I feel at the very least, a divergence on the daily rsi should be noted and then double checked on the weekly time frame. In a downtrend it is best to look for divergences on the valleys instead of the peaks. RSI is a momentum indicator as well as an indicator for oversold and overbought levels. RSI divergence indicates that the current trend is losing strength. But price can continue up after a divergence for quite a while, especially in this crazy market. I am just basically pointing out the divergence. The RSI on this chart is set at 9, 80 and 30. I did not get in this one early (wish I had but I can not buy everything) so if i were to buy OLED, I would wait for some sort of pull back or watch it closely. We are all different and all we can do is make an educated guess Not a recommendation.. There are no shortcuts on the road less traveled (o:
NASDAQ:OLEDLong
by lauralea