The market's rollover Tuesday leaves us with more shorts than longs. Here are two stocks with bullish patterns, and four that look poised to continue lower.
On the long side, Alliance Fiber Optic Products Inc. (AFOP) has held support at around 17.00 and bounced, reaching 20.43 intraday on Tuesday, before closing at 20.04. That was a gain of 35 cents, or 1.78%, on 1.1 million shares, an increase in volume. It's near resistance. It did back off 20.64, the high it had about two weeks ago, and if it can get through that, it should test 21.00, and then 24.00, my targets.
Check out Harry's video analysis of this stock on the last page.
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