Applied Optoelectronics, Inc.Pembelian
$AAOI Bull Flag?
Diupdate
I have been keeping an eye on AAOI and wanted to get in a couple of weeks ago but did not want to chase it.
It has now pulled back and the last couple of days have been explosive. I took a one-third sized position yesterday (1/4/24) and added two times today to bring up to a full position.
The proper or traditional entry is yet to come as it breaks above the upper downtrend line of the Bull Flag. I like to get in as early as possible so that is why I took a small position yesterday as it looked to be confirming a reversal. Today is strong so I brought it up to full size. I may look to add even more on the next consolidation level. All TBD.
I have two stops. On todays add-ons it is just below today’s low. On the original buy it is below the Jan 3rd low.
Ideas, not investing / trading advice.
AAOI and wanted to get in a couple of weeks ago but did not want to chase it.It has now pulled back and the last couple of days have been explosive. I took a one-third sized position yesterday (1/4/24) and added two times today to bring up to a full position.
The proper or traditional entry is yet to come as it breaks above the upper downtrend line of the Bull Flag. I like to get in as early as possible so that is why I took a small position yesterday as it looked to be confirming a reversal. Today is strong so I brought it up to full size. I may look to add even more on the next consolidation level. All TBD.
I have two stops. On todays add-ons it is just below today’s low. On the original buy it is below the Jan 3rd low.
Ideas, not investing / trading advice.
Catatan
To be clear this was brought up to a full position on Fri. Jan 5th. (The notation arrow was not positioned well.)Catatan
I did not like this breakdown near end of day so I have closed this position for just over a 5% gain. Back on watch list.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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