AAOI hits LT resistance prior to earnings
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
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.