My Investment Diary [Day 11] – Lowering AAOI’s Average Cost

Action:

Trimmed AAOI at 99 and reloaded at 94

Insights:

AAOI’s price rebounded sweetly off the previously mentioned 38.2 retrace in a rather strong fashion. Decided to trim at the 200 extension of this mini third wave and reloaded at the 38.2 4th wave retreat. However, price has retreated further to the 50 retrace but still outperformed general market and successfully closed above AVWAP - still qualifies as a mini fourth wave especially in high betas. Keeping an alternative diagonal count on the table as well to help navigate. Bullish structure still intact as well as overhead targets.

@Bridge Buzz SG