Looking for a bottom...and some real buyers! The 61.8% retrace of our 1.05-17.24 swing sits at 7.23. That might be an area to look for, and would also give a double bottom bounce confirmation of a fib extension move to the $20s-$30s in the next 120 days.
The new shelf registration (basically 10% dilution) could potentially create more weak hand selling/stop-loss raids, leading to a PPS possibly as low as that 4.50 area.
That said, the RSI is showing solid support on the 1 hour chart and the bullish channel support line is still intact. I would love to see the new 50% swing (17.24-7.31) retrace of 12.28 get...
48% down from earlier 2018 high. Detrended Price Oscillator shows entry crossing zero on 1 day chart near $138 and down from earlier high of $260.
www.tradingview.com(DPO) Read more here on DPO on Tradingview.com/wiki.
Volume: 494K shares traded Friday and typical higher and near 800K shares.
Second half of the year has already been projected by various telecom companies and suppliers to be strong and accelerated compared to the first half. Seasonally weak Q1 numbers came in almost across the board. However, NPTN managed to not do as badly as most had anticipated, hence the growth in March fueled by positive sentiment that momentum was returning.
NPTN...
The recent run up in AAOI stock price is a familiar story if you've been tracking or involved in the company since last year. What was once a glorious shining star from a parabolic blowout, quickly became a bubble of sorts and collapsed. The stock is tainted because of leadership's comments and weak guidance last quarter. The only reason to run the stock up is to...
