Applied Optoelectronics, Inc.
Long
Mis à jour

Rising Channel with EMA89 support.

524
AAOI is following a rising channel and recently fell at the bottom of the channel. On 2H TF, it is also meeting EMA89 that it respected in the past multiple times. Currently it has established good support around 160, and showing reversal signs. Long as it stays above 160, it is likely going to hit 191 as immediate target, while channel top towards 220s will be the final target for now. It will be safe to trade long as it keeps following the rising channel and doesn't close below.
Transaction en cours
Moving as expected. Another dip and bounce from EMA89/channel bottom.

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