the semiconductor stocks have been going nuts these past years and OLED gained 750% in 3 years. Naturally the stock had to pullback and OLED lost 62% of its value. It has been consolidating for a few months now and i believe the next move is just around the corner.
Timing = 0 ( Since this stock already lost 62%, i dont think a few % down on the overall market will effect this to much)
Volume = 1 ( volume has been lower the usual but its building and the stock is moving up)
Group strength = 1 (semi condutor stocks are in good shape overall)
Entry = 0 ( I am long for a poential breakout but i would prefer to buy a dip at a lower low )
Fractal = 1 (this pullback is 62% previously this stock has lost 66% of its value)
Timing = 0 ( Since this stock already lost 62%, i dont think a few % down on the overall market will effect this to much)
Volume = 1 ( volume has been lower the usual but its building and the stock is moving up)
Group strength = 1 (semi condutor stocks are in good shape overall)
Entry = 0 ( I am long for a poential breakout but i would prefer to buy a dip at a lower low )
Fractal = 1 (this pullback is 62% previously this stock has lost 66% of its value)