Possibly needs a catalyst to achieve this. But it is bound to retest imo. Looks like we had 5 waves down already so perfect time to go from oversold conditions to more reasonable prices for this stock.
AAOI It starting uptrend target 8.40 RSI > 0 60 MACD > 0
the previous position got stop-loss it needed to rebuy it after that level. so right now long also, if it could be stopped lost just buy again from current level
Applied Optoelectronics Inc is a provider of fiber-optic networking products, primarily for the Internet data center, cable television, and fiber-to-the-home end markets. The company focuses on designing and manufacturing a range of optical communication products from components, to subassemblies, and modules to complete turn-key equipment. Demand for Applied...
buy market at the opening and take your profit before the market closes
After breaking 3 years resistive line, this share might be continuing its bullish ascending so it worth to be put it into your watchlist
Possible move:22% Reward/Risk: 3 (R/R>3 is Ideal) Time frame: 1-2 wks This is just my technical view, not a fundamental comment..! I can make you confused you by a crowded messy chart, but I would rather simple effective presentations..!
Looking to enter AAOI June'21 $12c/17.5c spread. Potential 5:1 reward/risk.
The bear to bull low float reversal potential
Break Out Strategy - Buy and hold above $12
I like the volume and I'm buying the pullback and let it do its thing.
Looking for a breakout to the upside. Potential targets are $12.60 and $15.90. Wait for confirmation.