$AAOI Inverse Head & Shoulders Long
Applied Optoelectronics, Inc.NASDAQ
Description
⋅ AAOI Possible inverse H&S pattern forming. 50d EMA trending upward. Volume picking up. Watch for strong break through 35.00 level in the near term.
Targeting mid-40s in the medium term. Breaching the 200d ema on the daily and 37.50 resistance will be key.