$AOSL Consolidation and Handle Formation Indicates eventual LONG
AOSL is consolidating and has been for the better part of the past two-weeks.
The formation of a handle to a cup dip is certainly present: For better or worse. The S&P is struggling throughout Monday's trading session, but AOSL still has all the makings of a MEGA-LONG.
17+ should be realized in due time, but the market has to begin to show better strength for that to occur.
Note: This is not advice; just an idea regarding the harmonics of AOSL and some conjectures regarding a take-profit point. Always do your own research.
-BDR
The formation of a handle to a cup dip is certainly present: For better or worse. The S&P is struggling throughout Monday's trading session, but AOSL still has all the makings of a MEGA-LONG.
17+ should be realized in due time, but the market has to begin to show better strength for that to occur.
Note: This is not advice; just an idea regarding the harmonics of AOSL and some conjectures regarding a take-profit point. Always do your own research.
-BDR
Comment:
The bottom has fallen out of this one. Took loss @ 16.39 after having entered at 17.01. Not substantial, and for those still in, some bounceback may linger a bit off. The 17.43 targetted was never realized and is now distant.