AAOI trade ideas
Long game with AAOIThis stock has a nice upward trend since July 2022 when the rest of the market begin cooling off. It has broken through the EMA200 level and has the opportunity to make it to the $5.10 level within the next year based upon fundamentals. With the RSI being above 70, I look for a pull back to the 50 range and then a climb again. There many sellers at the $8.10 range that are locked in at the moment. Let's see how this one does over the coming months.
Applied Optoelectronics Inc 🧙Applied Optoelectronics Inc is a provider of fiber-optic networking products, primarily for the Internet data center, cable television, and fiber-to-the-home end markets. The company focuses on designing and manufacturing a range of optical communication products from components, to subassemblies, and modules to complete turn-key equipment. Demand for Applied Optoelectronics is driven by bandwidth demand in end markets. Through direct sales personnel, and manufacturing teams in the United States, China, and Taiwan, the company coordinates with customers to determine product design, qualifications, and performance.
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AAOI for the next gainIt is always a second fake jump or I call it as a FOMO jump. For those who miss the first jump of AAOI around 147%, this is a perfect chance to jump right in. This second time RSI turn around near RSI 30, the jump should be at least 15%, or even 40-50% if you willing to take more risk!