$OLED - Gearing up for Wave 3(up) - (IF it Holds)

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OLED was one of the first to begin its decent earlier this year when AAPL announced they were taking things in-house & scaling back on OLED related products.

Following its most recent drop, it is sitting near perfectly on its long term trend line in the high 80s. If this holds(tight stops are suggested), I'm anticipating the beginning of Wave 3 up, which if validated could result in a near doubling of its current price.

If it drops, stops hit & long term trend line lost, but R/R looking pretty strong at the moment