When (OLED) Moves Investors should Listen
October 02, 2024, 02:50 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for OLED
- Buy OLED near 201.11 target 225.25 stop loss @ 200.53 Details
The technical summary data tells us to buy OLED near 201.11 with an upside target of 225.25. This data also tells us to set a stop loss @ 200.53 to protect against excessive loss in case the stock begins to move against the trade. 201.11 is the first level of support below 203.37 , and by rule, any test of support is a buy signal. In this case, support 201.11 is being tested, a buy signal would exist.
- Short OLED slightly under 225.25, target 201.11, stop loss @ 225.9 Details
The technical summary data is suggesting a short of OLED as it gets near 225.25 with a downside target of 201.11. We should have a stop loss in place at 225.9though. 225.25 is the first level of resistance above 203.37, and by rule, any test of resistance is a short signal. In this case, if resistance 225.25 is being tested, a short signal would exist.
Swing Trading Plans for OLED
- Buy OLED slightly over 203.49, target 212.79, Stop Loss @ 202.9 Details
If 203.49 begins to break higher, the technical summary data tells us to buy OLED just slightly over 203.49, with an upside target of 212.79. The data also tells us to set a stop loss @ 202.9 in case the stock turns against the trade. 203.49 is the first level of resistance above 203.37, and by rule, any break above resistance is a buy signal. In this case, 203.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short OLED slightly near 203.49, target 201.11, Stop Loss @ 204.08. Details
The technical summary data is suggesting a short of OLED if it tests 203.49 with a downside target of 201.11. We should have a stop loss in place at 204.08 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 203.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for OLED
- Buy OLED slightly over 203.49, target 207.87, Stop Loss @ 203.02 Details
If 203.49 begins to break higher, the technical summary data tells us to buy OLED just slightly over 203.49, with an upside target of 207.87. The data also tells us to set a stop loss @ 203.02 in case the stock turns against the trade. 203.49 is the first level of resistance above 203.37, and by rule, any break above resistance is a buy signal. In this case, 203.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short OLED slightly near 203.49, target 202.94, Stop Loss @ 203.96. Details
The technical summary data is suggesting a short of OLED if it tests 203.49 with a downside target of 202.94. We should have a stop loss in place at 203.96 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 203.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Universal Display Corporation (OLED) available here: OLED.
OLED Ratings for October 02:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Strong |
Strong |
P1 |
0 |
0 |
177.38 |
P2 |
202.94 |
203.49 |
201.11 |
P3 |
207.87 |
212.79 |
225.25 |
AI Generated Signals for OLED
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Universal Display Corporation (NASDAQ: OLED) report below is a real world example. Included are trading plans for OLED, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for OLED: