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SimplyCash

Bear flag formation - lower lows. Headed to $160 support.

Short
Universal Display Corporation (NASDAQ:OLED)  
SimplyCash  
NASDAQ:OLED   Universal Display Corporation
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
The past several sessions have indicated a bearish trajectory towards the downside with lower lows on the daily to form a bearish flag pattern. The 50MA is curling to pave a path for a death cross scenario. With earnings on the horizon, if results are not stellar and guidance is lower, it can send this quickly down.
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