Total Assets
Rate Of Return$Applied Optoelectronics(AAOI.US)
If there is a moment of time when you wish for better prices so you can buy more, this is that moment.
AAOI might seem to have retreated a lot since its ATH but believe it or not, no major long term supports are broken and the long term bullish structure is very much intact.
The pull back has been a controlled descent characterised by overlapping candles and this wave best fits the C wave of a three wave pattern. Looks like a classical fourth wave. Price and time are coming together nicely. The wave looks complete to almost complete. Price has touched 38.2 retrace at 108. We are just above the previous high that price cleared with heavy volume.
I am expecting institutions to defend and accumulate at these levels.
Not financial advice. Just friendly sharing.
@Captain's Treasure
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
