๐ ๐ข
๐น Asset: Applied Optoelectronics, Inc. (AAOI โ NASDAQ)
๐น Timeframe: 30-Min Chart
๐น Setup Type: Breakout + Retest at Supply Zone
๐ Trade Plan โ Long Position
โ Entry Zone: $13.85 (breakout confirmation near resistance zone)
โ Stop-Loss (SL): $11.77 (below trendline + support zone)
๐ฏ Take Profit Targets:
๐ TP1: $16.44 โ Resistance zone
๐ TP2: $19.88 โ Major structural resistance
๐ Risk-Reward Calculation
๐ฅ Risk: $13.85 - $11.77 = $2.08/share
๐ฉ Reward to TP2: $19.88 - $13.85 = $6.03/share
๐ R/R Ratio: ~1 : 2.9 โ Strong swing potential
๐ Technical Highlights
๐ Breakout above falling wedge structure โ
๐ Clean retest of yellow supply zone โ
๐ Strong bullish momentum with follow-through โ
๐ Higher low formed with aggressive breakout wick ๐ฅ
๐ Risk Management Strategy
๐ SL to breakeven after TP1
๐ฐ Book 50% profits at TP1
๐ Let the rest run to TP2
๐ง Protect capital, follow structure
โ ๏ธ Setup Invalidation If:
โ Price closes below $11.77
โ Bull trap reversal with high volume
โ Fails to hold above yellow zone
๐จ Final Thoughts
โ Strong volume-backed breakout from base
โ Ideal R/R for breakout traders
โ Watch for continuation candles to build momentum
๐ #AAOI #BreakoutTrade #ProfittoPath #ChartAnalysis #SwingTrade #NASDAQStocks #TechnicalSetup #SmartMoneyMoves #RiskReward #VolumeSpike
๐น Asset: Applied Optoelectronics, Inc. (AAOI โ NASDAQ)
๐น Timeframe: 30-Min Chart
๐น Setup Type: Breakout + Retest at Supply Zone
๐ Trade Plan โ Long Position
โ Entry Zone: $13.85 (breakout confirmation near resistance zone)
โ Stop-Loss (SL): $11.77 (below trendline + support zone)
๐ฏ Take Profit Targets:
๐ TP1: $16.44 โ Resistance zone
๐ TP2: $19.88 โ Major structural resistance
๐ Risk-Reward Calculation
๐ฅ Risk: $13.85 - $11.77 = $2.08/share
๐ฉ Reward to TP2: $19.88 - $13.85 = $6.03/share
๐ R/R Ratio: ~1 : 2.9 โ Strong swing potential
๐ Technical Highlights
๐ Breakout above falling wedge structure โ
๐ Clean retest of yellow supply zone โ
๐ Strong bullish momentum with follow-through โ
๐ Higher low formed with aggressive breakout wick ๐ฅ
๐ Risk Management Strategy
๐ SL to breakeven after TP1
๐ฐ Book 50% profits at TP1
๐ Let the rest run to TP2
๐ง Protect capital, follow structure
โ ๏ธ Setup Invalidation If:
โ Price closes below $11.77
โ Bull trap reversal with high volume
โ Fails to hold above yellow zone
๐จ Final Thoughts
โ Strong volume-backed breakout from base
โ Ideal R/R for breakout traders
โ Watch for continuation candles to build momentum
๐ #AAOI #BreakoutTrade #ProfittoPath #ChartAnalysis #SwingTrade #NASDAQStocks #TechnicalSetup #SmartMoneyMoves #RiskReward #VolumeSpike
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.