Strong breakout and follow through for AAOI

104 0
AAOI broke out of an inverted head and shoulders bottom on Friday and so far is following through strongly to the upside. This is best picked up on the daily chart . Note how AAOI broke through the neck line on MASSIVE volume . The 2nd highest we've seen on the daily chart .

On the weekly chart, note the massive volume surge as AAOI consolidated along the 10wk line, found support, and began to surge. This is what is known as "volume discovery". When the market takes notice in a big way and institutions pile in, it is clearly visible like this on the chart.

Also of note, AAOI first appeared on our ChartYourTrade MRI stock scanner back in November of 2016 and has appeared on it every week since. This has given subscribers, as well as yours truly, plenty of opportunities to build and trade around positions.

ChartYourTrade MRI is a Finalist in the Benzinga Global Fintech Awards.

Test out ChartYourTrade MRI for only $1 w/ coupon code "1dollarscan"

Click here to sign up: https://chartyourtrade.com/shop/cyt-mri-...
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out