AAOI Long - Descending Wedge AAOI descending wedge and RSI higher lows similar to period 2 years ago
Looks like wave 5 is complete for AAOI as well per harmonic elliot wave theory
AAOI trade ideas
About to break support lineThere is literally zero incentive to buy this stock now. Watch for 20-23 area. I also see no meaningful accumulation. OBV is bearish still.
Can we see a bounce?AAOI is at a crucial support and retraced more than 70% from the peak. Risky, but potentially good risk reward play.
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: A rather deep wave 4 correction of 0.764 appears finished.Wave 5 ahead with 1.618 target of $153
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%)
AAOI buy=41.97-41.37 with T=48.66 (15%)AAOI daily trend is up. buy at dz=41.97-41.37. Target=48.66. 15% gain. stop if daily bar closed 40.88 or lower. If so, long again at daily dz=37.91; profit target will be higher.
weeklyseem like it could possibly follow the current pattern. as such it looks like no need to be long here
