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...
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
great gap and go with pivot may take a run from here if breaks and fills gap exit trade if not slowly can move stop to lock in profits this company is in good space
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
