So far it resembles an A&E, but according to books it isn't perfect or very likely isn't even a A&E bottom. Nonetheless, WTC seems to be ramping up. A break and confirmation above 6,9k or 7,9k Sats would make me really bullish. Bearish or neutral if we go below 4,7k again. + 1D RSI is above the bearish zone and closer to the bullish area + smaller TFs show that...
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...