AAOI broke above the downsloping trendline. Met with resistance in the 50% retracement area and is now back testing the the downsloping trendline. It'll follow the SMH up or down. SMH pullback levels: 38.2% retracement at 563.42. 20DMA at $565.2.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.