The False Breakdown starring Universal Display Corp.

One of the lesser discussed price moves is the False Breakdown – when price breaches an apparent Support level only to reverse quickly, trapping Bears (which is more fuel for the rebound).

To illustrate this I bring you the Daily chart of $OLED:

OLED

Of course I always like to change the lens so here is another look at $OLED:

OLED_B

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