Observably, both DI- and DI+ are reversing course, suggesting an early sign of a trend change.
Support/Resistance Beyond technical indicators, traditional support and resistance levels further validate this trade setup.
OLED has shown strong support at the 160 level, with the stock rebounding from this area, reinforcing the bullish case.
To take a bullish trade on OLED, I'm using a trade structure called a "bull call spread."
If OLED keeps going up from here and the stock price is above $170, a 170-175 call spread is also a feasible trade setup.
Persons:
OLED
Organizations:
Dow Jones, Trump, Display Corp, DI, CNBC, NBC UNIVERSAL
Locations:
OLED