AAOI trade ideas
AAOI - Possible H&S formation short from $57.47 to $$42.53AAOI seems forming a possible Head & Shoulder formation. It has fair bit of insider selling, however short float is also high. Its just starting to break through support label & if it breaks through this label it has good down side potential.
* Trade Criteria *
Date First Found- June 27, 2017
Pattern/Why- Possible H&S formation
Entry Target Criteria- Break of $57.47
Exit Target Criteria- $42.53
Stop Loss Criteria- $62.23
Please check back for Trade updates. (Note: Trade update is little delayed here.)
aaoi strong support at $57 and $60. bull need to break resistance $63.61 before next run. good luck guys
Strong breakout and follow through for AAOIAAOI broke out of an inverted head and shoulders bottom on Friday and so far is following through strongly to the upside. This is best picked up on the daily chart. Note how AAOI broke through the neck line on MASSIVE volume. The 2nd highest we've seen on the daily chart.
On the weekly chart, note the massive volume surge as AAOI consolidated along the 10wk line, found support, and began to surge. This is what is known as "volume discovery". When the market takes notice in a big way and institutions pile in, it is clearly visible like this on the chart.
Also of note, AAOI first appeared on our ChartYourTrade MRI stock scanner back in November of 2016 and has appeared on it every week since. This has given subscribers, as well as yours truly, plenty of opportunities to build and trade around positions.
ChartYourTrade MRI is a Finalist in the Benzinga Global Fintech Awards.
Test out ChartYourTrade MRI for only $1 w/ coupon code "1dollarscan"
Click here to sign up: chartyourtrade.com
AAOIDouble Top (aka: Big Booty turned up) All booties get smacked in the direction of the hole in the middle....
Possible trade setup for AAOIAAOI seems to be in a strong upward channel. Extrapolating out a good buy point would be after it bounces off the bottom of the channel probably around $52.32 profit goal towards the top of the channel around $63.00 this would be before it hits the top of the channel. Stop loss about 3% below the bottom of the channel at $50.53
AAOI longAAOI on that .5 retrace worked nicely today though my limit didnt get filled. i bought it at 55 then
AAOI breakout$AAOI is consolidating in a flag pattern, and it's right underneath the $50 area. It had a strong close today so if it gets continued momentum and builds over the $50 area then we can get a nice run on it
AAOI – Applied Optoelectronics on watch for next week 02-25AAOI – Applied Optoelectronics, Inc.
With strong earnings and forecast AAOI has broken into an all time high territory. This can continue to trend higher but we may see some profit takers early next week that can push the price down. I took a short scalp trade late afternoon on Friday last week from high $48 and covered at low $48. This stock would definitely make 5% - 9% move on Monday so worth to put on a watch.
AAOI hits LT resistance prior to earningsAfter 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
AAOIgreat gap and go with pivot may take a run from here if breaks and fills gap exit trade if not slowly can move stop to lock in profits this company is in good space
TPICNewer stock poised to move much higher ...double bottom great first breakout occurred watch for break above middle of the W.....use typical stop 7-8%
AAOI to endure a nice ER season boost?A 400% ER surprise could put this stock over the top, literally...if it truly is in the midst of a wave 4 corrective, look for wave 5 to surpass the trend line above 16 before settling. What do you see?
AAOI Bullish Short TermShort Term Indicators Average: 100% Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Buy
Price Support Pivot Point Resistance
12.48 9.87 11.57 13.49
