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BDRTrigger33
Oct 26, 2020 4:45 PM

$AOSL Consolidation and Handle Formation Indicates eventual LONG Long

Alpha and Omega Semiconductor LimitedNASDAQ

Description

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

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.
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