AAOI - Falling wedge breakout

Stochastic divergence at the breakout point of a falling wedge. 3 days late, but there is more upside. The stochastic is at 63.6517 so we still have some upside before completing the rotation and ending the signal. Combined with the falling wedge pattern, I expect a move up to the 200ema (red).

Buy: 46.48
Target: 49.50 - 52.52 (6.50% - 13.00%)

Trade geschlossen: Stop wurde erreicht