Universal Display Corp ($OLED) is in the organic light emitting diode space, more commonly known as OLED. I really love this company, and this space a lot as their technology has become the main staple in so many different commerical, research, and even retail spaces. About two weeks ago they released some very strong Q1 earnings, and the stock initially spiked all the way to $190, but has been selling off ever since. This name is getting close to a major reversal and anything sub $150 for an entry is a gift here in the near term. I like this to reverse and fill a few gaps on the chart up to $160, from there it will need overall market strength if this wants to continue it’s road to $190, but it is certianly in the cards. As for an entry, notice the strong and clean downtrend from Friday. I am expecting this to get explosive up and over that downtrend, and that should initiate the gap fill back to $160.