VPTcory
Long

OLED May be Ready For Another Wave UP

NASDAQ:OLED   UNIVERSAL DISPLAY CORP
Danger here is that after a sharp decline and consolidation, there is often a bit of followthrough to the downside. That could stop out this trade

If stopped out, will be watching for another consolidation to develop just below this one. If it occurs, may be another opportunity there to buy on a breakout abvoe the next consolidation....
and reward:risk will likely be better.

Target is an option, or use ATR Stop to act as a trailing stop loss. I like wait for a daily close below the ATR stop line, and then place my stop loss a few cents below the low of that day.

I always get out of swing trades the day before earnings .
Cory Mitchell, CMT
https://vantagepointtrading.com/
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