$AAOI: blew past $120 resistance now facing $130 resistance
Applied Optoelectronics, Inc. BATS:AAOI
AAOI
now came back up to the scene of crime -- where it lost support and headed to $80.
Now it faces overhead supply in the $130-150 zone.
I suppose earnings report in two days will determine it's direction.
While I'm optimistic, my current position is larger than I like so I'm selling some shares here and selling some $135 calls expiring this Friday to reduce my risk. Holding the rest of the shares for higher.