Hammer with huge volume and tail on supportDISCLAIMER. 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
0LJE trade ideas
Bear flag formation - lower lows. Headed to $160 support.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.
OLED's Major Long Potential
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). This company will soon be Apple's main OLED display manufacturer after Samsung. And considering the rumors about Apple's All-OLED displays for next year's complete iPhone and iPad line-up, this is going to be an incredible long-term investment.
Zoom out to see the stock's successful breaking out of a 20y old 'Rising Channel'.
I have found 0 (zero) technical mistakes in the stock's current performance. The rule-of-thumb (as shown purple) calculates the valley-to-peak performance, giving the stock an additional value potential of +130% from the point of breakout (around 160). Note that we're not talking about the rising channel breakout, but the following intermediate formation, which usually decides if the stock can continue or reverse.
Safety First:
Below 158 is "heads-up". Stay neutral and hope that it won't go under 143.55 which could send the stock back into the channel. Extremely unlikely at this point.
Entry Point:
Technically the stock wants to go trade sub 170. All you have to really look for is this month's PSAR point. Look how the October candle only touched the point and reversed, closing a positive candle – that's a sign for huge support. The stock is somewhat likely to just turn around at 180 and blast up through the roof from there. If the point breaks at about 169.60, the stock could try to venture further down losing another 10 points. But as long as its above 158.00 the stock is a strong-buy. At any point in time below line 'x': if the stock returns above 'x' = rally starts.
I will be updating this post continuously below.
(trend-lines have been averaged on step-line over log for higher precision)
Filling the gap! Short trade on OLEDExpecting 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 Universals Displays rips higher after hours. 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 seekingalpha.
Universal Display's (NASDAQ:OLED) +13.2% Q3 results beat on EPS and revenue with 26% Y/Y sales growth. The upside FY19 outlook sees revenue of $400-410M (consensus: $383.28M).
Q3 revenue from material sales was $51.8M, up from $51.2M in last year's quarter. Royalty and license fees totaled $43M compared to $23.3M.
Cost of materials roes from $13.8M in last year's quarter to $15.2M.
Average Analysts recommendation Hold (expect upgrades)
Average analysts price target $211, ( rises on the way)
P/E ratio 70 (high)
Company profile
Universal Display Corp. engages in research, development and commercialization of organic light emitting diode, technologies and materials. It also develops and licenses proprietary OLED technologies to manufacturers of products for display applications, such as cell phones, portable media devices, tablets, laptop computers and televisions and specialty and general lighting products. The company was founded by Sherwin I. Seligsohn in 1994 and is headquartered in Ewing, NJ.
$OLED Bullish move in Universal Display.15% Gain PreMarketUniversal 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 market.
"While upside surprise came mostly from South Korea customers (up 36% quarter over quarter), sales to Chinese panel makers also grew significantly, now accounting for 24% of total (up from 20% a year ago)," wrote Oppenheimer's Andrew Uerkwitz, who rates shares at outperform. "As Chinese panel makers start to prove their ability to ship OLED display in high volume, we believe 2019 to 2021 will see significant expansion of OLED markets across display sizes."
Universal Display: Room to GrowI 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 of the computer and consumer electronics assembly industries. OLED is one of the leading flat display technologies, and I anticipate that demand for their products will increase as their partnership with Samsung and other telephone and embedded display deals will continue to drive their revenues upward.
RSI is high and the stock is pricy from bumping up on the top Bollinger band as well as setting new 52-wk average highs, but I think it can go higher and the widening Bollinger band range and strong ADX trendedness is a strong indication that the current trend has yet to run out of steam. Financials are strong, and it looks like money is flowing in indicating that other investors are anticipating a strong earnings report at the end of this month. MACD is just starting to break bullish again,
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Earnings Beat, Revenues In Line"New OLED capacity announcements, a diversifying list of panel manufacturers entering commercial OLED production, and a broadening landscape of consumer OLED end products in 2018 has positioned the OLED industry for what we anticipate will be its next wave of growth,"
finance.yahoo.com
finance.yahoo.com
Laptops with OLED displays are arriving, and the tech is being used in automotive infotainment system displays as well as lots of new smartphone and TV models.
Universal has also inked new agreements with Samsung. Given that Samsung's the biggest display maker in the world, getting it on board to bring OLEDs to devices beyond phones is a big deal for Universal.
www.fool.com
$OLED - The trading system Equity Trend to go short todayToday at the market open (Jan 4), the equity trading system Equity Trend will open a short position in Universal Display Corporation (ticker: OLED)
Each day, the system scans around 10,000 stocks to find just 1 or 2 which are ready to move immediately.
The system combines elements of breakout trading, trend following and risk management from Turtle trading.
System: bit.ly
$OLED - Gearing up for Wave 3(up) - (IF it Holds)$OLED was one of the first to begin its decent earlier this year when $AAPL announced they were taking things in-house & scaling back on $OLED related products.
Following its most recent drop, it is sitting near perfectly on its long term trend line in the high $80s. If this holds(tight stops are suggested), I'm anticipating the beginning of Wave 3 up, which if validated could result in a near doubling of its current price.
If it drops, stops hit & long term trend line lost, but R/R looking pretty strong at the moment
