$OLED LONG SHORT TERM SWING

$OLED , i believe OLED is a good long here for a short term swing trade. It has reversed course on a substantial support line that dates back to feb 2017. RSI indicates that we were way oversold yesterday with a reading of around 24. Tomorrow will be a key day to see if we can break above 30 on the RSI. Also on the hourly we need to break the 55ema which is at 85.36. It is a good sign we closed above the 21 ema on the hourly today and furthers my thesis that we will see 88-92 within the next few days. A retest of yesterdays low and failure would be your signal to exit the trade. I will be trading this with the July 20th $90 calls, this way it gives us time for our target.

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Kommentar:

still long i think it the market behaves we hit our target this week