ACMR Short Term Bullish Move

 

ACMR looks poised to make another short term move to the upside, The stock has been in an uptrend on the 60 Minute chart since the 06/09/2026 low of 74.19. After hitting a short term high of 127.19 on 06/30/2026, ACMR has undergone a correction down to 114.37. The 5 Day RSI is now in oversold territory, as is the derivative of the MACD. The stock now looks poised to make another run up, with a preliminary target at the Upper Bollinger Band, which is just above 127. These set-ups typically play out in 1-3 days.

AAOI Short Term Trading Opportuity

 We have identified a short term trading opportunity for AAOI. This is a technical set-up that we regard as a short term Buy. We have a 1-3 day time frame for this trade, with a minimum target at the Upper Bollinger Band near 152-153. Ultimately our price target is above 169.8 for this move. 

This is not meant as financial advice. It is merely a technical set-up that may indicate a near term price increase. Always do your own research before implementing a trade.

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Tuesday's Market 10/06/2015

I’ll apologize in advance for not having a lot of time to get into detail, but considering the moves in the SPX the past few days I wanted to at least update my count. I should have more time in the next couple of days for a more thorough analysis.

From Friday’s low I count 5 waves up to 1935.82. After a short pullback, the SPX appears to have completed another sequence up. It would seem that another complex wave is forming, Which should bring the SPX, at least temporarily, back into the 1935-1921 range I have talked about for the last week or so. There should then be some choppiness in that areas, with a subsequent break below 1921 most probably signaling a strong move to the downside. My downside target remains below 1748.