Nice bullish gap and go today. Looking for this to pull back and fill the limit buy either today or Monday / Tuesday *Per MY plan, I have to plan something for 18 hours (if it's a swing trade) before I can take it. Therefore, I'll have to watch this Monday for me.
AAOI – Applied Optoelectronics, Inc. With strong earnings and forecast AAOI has broken into an all time high territory. This can continue to trend higher but we may see some profit takers early next week that can push the price down. I took a short scalp trade late afternoon on Friday last week from high $48 and covered at low $48. This stock would definitely...
I've gotten many emails about this gap today. It's a SOLID gap, I agree. But this candle is HUGE! Therefore, it would be most prudent to TRY and snag it on the pull back.
After hitting a 2015 long term high,aaoi appears to be entering a corrective wave: which is good if we hope price goes up afterwards. But if it consolidates or enters a second corrective phase, a downtrend could follow: and with a break below the fib fan resistance level, that could very well happen. Best, Matt
A 400% ER surprise could put this stock over the top, literally...if it truly is in the midst of a wave 4 corrective, look for wave 5 to surpass the trend line above 16 before settling. What do you see?
Short Term Indicators Average: 100% Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Buy Price Support Pivot Point Resistance 12.48 9.87 11.57 13.49