matt.sulli42
Short

AAOI hits LT resistance prior to earnings

NASDAQ:AAOI   APPLIED OPTOELECTRONICS INC
After hitting a 2015 long term high, aaoi             appears to be entering a corrective wave: which is good if we hope price goes up afterwards. But if it consolidates or enters a second corrective phase, a downtrend could follow: and with a break below the fib fan resistance level , that could very well happen. Best, Matt
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