Universal Display Corp ($OLED) is my #1 short that threw me in a whirl of emotions Thursday afternoon and Friday morning. The initial mis reaction that sent he stock spiking upwards of 20%, and the the massive crack that brought the stock down 20% was un unbelievable emotional roller coaster. However, this short has been 6 months in the making, and I know what I have here on my hands, and trusting my self paid off huge. Now, the stock did bounce almost $20 off its lows, but the critical thing was that we saw this stay red post earnings. This name is the most fundamentallly out of whack, over extended name in the market in my opinion. Their massive chinese exposure will be a huge killer to them as the trade war only gets worse. There are a few really critical things to watch here moving forward. First, for an entry tomorrow if you aren’t in, the move under $202 is your trigger pull. But from there, we get really into fun things as long as i’m patient enough. Notice the initial breakdown of the 30 day trendline (the upper red line), we are sitting right on it currently and I expect thsi level to flusuh this week and really settle below this trendline. From there it’s all eyes on the 6-month trendline which is currently around the $175 level, but will move up quickly with each day, by Friday it will likely by above $180 if you chart it out moving forward. THAT is the MAJOR trendline breakdown that i’m looking for that will send this stock down to critical support of $145.