I keep looking at OLED, because I want to own it for the long run. Short term, it looks weak and could drop further. Stocks tend to, but not always fill gaps. So when a stock opens a lot higher from the previous day close it forms a gap. Eventually the prices come back to close the gap. See the chart. Now, notice the big gap on OLED. I'll look to buy it at $91. I see it going much higher eventually based on the technology. I want to get in this technology.
Comment:
Still waiting for the gap fill at $92, that will be the time to go long.
