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Applied Optoelectronics, Inc.
Long

Possible trade setup for AAOI

By networktrader
AAOI seems to be in a strong upward channel. Extrapolating out a good buy point would be after it bounces off the bottom of the channel probably around $52.32 profit goal towards the top of the channel around $63.00 this would be before it hits the top of the channel. Stop loss about 3% below the bottom of the channel at $50.53
networktrader

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