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oct15joe
Jul 20, 2017 1:35 AM

Potential Correction to Week DZ 63.73 

Applied Optoelectronics, Inc.NASDAQ

Description

Hourly chart showing retracement to Hourly DZ (orange). If hourly bar closed below 88.83 then price should fall to wkly dz at 63.73.

Comment

So far prediction is on track. Zoom into hourly time frame there are two good DZ's which line up .5 and .618 fib retrace. Price should bounce from these DZ's but since Hourly trend is down, the bounce should not create new high. Rather they make great short entries.

see link to hourly chart
Comments
derek8966
Your prediction on the price moving is so incredibly correct, AAOI share price reached DZ at $46 level today. Isn't it the best time to buy?
oct15joe
@derek8966, see my new analysis.
xue.yu2010
wow, what a prediction. I am wondering what's DZ stand for?
oct15joe
@xue.yu2010, Thanks Xue. DZ stands for demand zone. SZ Supply zone.
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