Trading (OLED) With Integrated Risk Controls

January 10, 2024, 10:34 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for OLED

• Buy OLED slightly over 172.39 target 185.33 stop loss @ 171.89 Details

The technical summary data tells us to buy OLED near 172.39 with an upside target of 185.33. This data also tells us to set a stop loss @ 171.89 to protect against excessive loss in case the stock begins to move against the trade. 172.39 is the first level of support below 174.845 , and by rule, any test of support is a buy signal. In this case, support 172.39 is being tested, a buy signal would exist.

• Short OLED slightly under 185.33, target 172.39, stop loss @ 185.87 Details

The technical summary data is suggesting a short of OLED as it gets near 185.33 with a downside target of 172.39. We should have a stop loss in place at 185.87though. 185.33 is the first level of resistance above 174.845, and by rule, any test of resistance is a short signal. In this case, if resistance 185.33 is being tested, a short signal would exist.

Swing Trading Plans for OLED

• Buy OLED slightly over 181.6, target 185.33, Stop Loss @ 181.08 Details

If 181.6 begins to break higher, the technical summary data tells us to buy OLED just slightly over 181.6, with an upside target of 185.33. The data also tells us to set a stop loss @ 181.08 in case the stock turns against the trade. 181.6 is the first level of resistance above 174.845, and by rule, any break above resistance is a buy signal. In this case, 181.6, 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 181.6, target 173.01, Stop Loss @ 182.12. Details

The technical summary data is suggesting a short of OLED if it tests 181.6 with a downside target of 173.01. We should have a stop loss in place at 182.12 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, 181.6, 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 177.03, target 181.11, Stop Loss @ 176.62 Details

If 177.03 begins to break higher, the technical summary data tells us to buy OLED just slightly over 177.03, with an upside target of 181.11. The data also tells us to set a stop loss @ 176.62 in case the stock turns against the trade. 177.03 is the first level of resistance above 174.845, and by rule, any break above resistance is a buy signal. In this case, 177.03, 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 177.03, target 173.01, Stop Loss @ 177.44. Details

The technical summary data is suggesting a short of OLED if it tests 177.03 with a downside target of 173.01. We should have a stop loss in place at 177.44 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, 177.03, 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 January 10:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	158.5
P2	177.03	173.01	172.39
P3	181.11	181.6	185.33

AI Generated Signals for OLED

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