Applied Optoelectronics is Setting Up for a Big Move

This post was originally published on this site

Take a look at the 1-year chart of AAOI below with added notations:

AAOI has fallen into a large trading range over the past few months. While in the range, the stock has formed a resistance area at $9 (red), and a level of support at $7 (green). AAOI is headed back towards the middle of the range, but at some point, the stock will have to either break the resistance or the support.

Continue reading on StockNews

Add Comment