AOSL: Bullish Pennant (53%) Ascending Triangle (71%)
AOSL has built into a fine bullish pennant on the daily chart with a possible target price of 69.17$. This chart is not confirmed.
The weekly chart's ascending triangle shows some additional potential gains with a price target of 72.66$.
The weekly chart of the sector to which AOSL belongs (Information Technology) is currently into an ascending channel. The price action is at the top of the channel right now. If the price action follows the rules, it should reverse back down to the bottom of the channel into a limited down trend until it reaches the bottom of the channel and jumps back up again.
Caution: This limited down trend of the sector may push the AOSL price action down for a few days/weeks before reversal happens.
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Stay humble, have fun, make money!
The weekly chart's ascending triangle shows some additional potential gains with a price target of 72.66$.
The weekly chart of the sector to which AOSL belongs (Information Technology) is currently into an ascending channel. The price action is at the top of the channel right now. If the price action follows the rules, it should reverse back down to the bottom of the channel into a limited down trend until it reaches the bottom of the channel and jumps back up again.
Caution: This limited down trend of the sector may push the AOSL price action down for a few days/weeks before reversal happens.
Join my Patreon to help out.
Stay humble, have fun, make money!