
NASDAQ:OLED
It had a weird chart pattern, with a big jump up followed by a big jump down. That’s not a good sign. He sees support at $128 but the stock is contributing to drop with a lot of volume to the downside and declining volume on the upside. This is negative. There might be support at the $110 level, which is a significant drop from here.
This company has a better quality picture, and the colours are incredible. It is now getting to the price point where the mass market is picking it up. You are really hitting that hockey stick growth in terms of earnings, cash flow from operations as well as the stock price. They continue to be on the incline and earnings are on the upside and things are going well. There is huge growth in this and the multiples are getting out of control in the 30-40 range for the next couple of years. If you are a momentum investor, this is a winner for you right now.