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Universal Display Corporation (NASDAQ:OLED)


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#1 Costa

Costa

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Posted 06 September 2013 - 12:45 AM

The chart of Universal Display Corporation (NASDAQ:OLED) caught my eye today. On the above technical chart, we can quickly see that the stock is forming an ascending formation waiting to be broken. A move above the triangle (38.1 levels) can trigger a sharp upside move towards 40. The money seems to be flowing into the stock as indicated by the technical indicator OBV. OLED is also a short squeeze candidate, with a short float at 25% (equivalent to 7 days of average volume). Since the trend prior was bullish, the breakout is likely to be to the upside.

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Costa
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#2 tradesurfer

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Posted 06 September 2013 - 09:16 AM

Your latest thoughts on ATOS ? Looks like a nice soild base, triple bottom, harmonic bullish butterfly pattern and high volume off the bottom. Seems to suggest stage 2 advance in store next months.