Demonstrating some nice trading activity..Although i'm not much of a bottom picker, i think this one has declined enough to a point where it looks interesting (especially with the recent trading activity). I'd like to get on this action and throw in some starter positions and will add to my trades if i'm correct. #datacenters
0HGV trade ideas
Need another continuation day tomorrowNeed to continue past 26. Could backtest 25. Once past 26, little resistance until 27.5-28. Volume should begin to pick-up in the next week. I expect at a minimum RSI on the daily to reach it's last high point at 54. It should really reach to 58+ and at that point, very likely to get to 70+. People who are shorting the stock down at this price level are crazy. The only way they win is if AAOI has bad ER and horrible forecast.
Retest of 25 Tomorrow Coming?!Seems like stars aligning with ST and LT, ascending triangle on 30 min, with contracting volume, break above 25 would break LT descending wedge as well as ST resistance. Buys today into the ask were also 15k+ and sells into the bid were 2-3k.
Let's see if someone invalidates this in the next 10 minutes or tomrorow AM. Someone is walking this up since last week and quickly picked up the dips. Shorts need to invalidate this quickly before LT descending wedge gets invalidated. Need to get below 24.35ish and then 24 tomorrow or UH OH!!
Entering the long term support zone... (Buy around 19 - 20 USD)...hence we are entering the buy-zone.
Support zone: 19 - 27 USD
Target price range: 37 - 55 USD (Long term)
Buy: 19 - 20 USD
Current: PEG 0.52
Current: PE 8.00
Positive revisions of EPS/ revenues
This is just my personal opinion and not an advise.
AAOI $28 Short Bottom towards EC; $45/$55/$60 EC Results SpikeBetween what OCLR and LITE reported, the sector looks good. MACOM reported and got caught with their pants down. Sector took a huge hit as a result. Their call bodes very well for AAOI though. They described what I saw at CES and are at least a full quarter behind AAOI. People took their results as a negative, but didn't bother to read everything I suppose. AAOI is in full control of 100G CWDM that they're just now realizing is what everyone wants. Stock will hit its 52-week low I'm sure. February 21 can't come soon enough for the added clarity. 9 days for shorts to cover. Time to grab some popcorn after next week for sure.
AAOI will eventually recover but bottom hasn't arrived yetCurrently a falling knife while its sector is suffering cyclicality. AAOI will need to come clean on whether AMZN and FB have been lost. Chinese competition is pulling the sector down with possibly more supplies than demand. Add to that the weakened investor confidence in AAOI management. My suggestion is that you either short this or stay on the sidelines until after next ER. If ER disappoints, this will bleed to $25 if not below. Also, looks like institutions are dumping this since the beginning of December: fintel.io
AAOI - Falling wedge breakoutStochastic divergence at the breakout point of a falling wedge. 3 days late, but there is more upside. The stochastic is at 63.6517 so we still have some upside before completing the rotation and ending the signal. Combined with the falling wedge pattern, I expect a move up to the 200ema (red).
Buy: 46.48
Target: 49.50 - 52.52 (6.50% - 13.00%)