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PANL is dangerously poised now. It either finds some support here (I can't see much or it needs to get back up to the gap down (56 down to 51) area and at least retake 50. Otherwise it could go down a long way.

It is still a 1.83bn company with only 3 royalty clients (only one announced SMD), some development and R&D revenues and loss making. Apparently the OLED market was worth 1bn last year and PANL only captured 30m even though there are only 2-3 OLED operators so it has done a poor job at capturing the value chain as well as failing to make profit.

On a linear chart it is right on the cusp:

On a log chart it the support line comes in around 37 I think.

I didn't find the results, earnings transcript or fundamentals compelling enough to get in at this stage despite an 18% drop.

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