12 October 2016
Some say the market is bearish, let take a stock like AOSL to understand the market.
Samsung Note 7 are having a manufacturing defeat that suspect is due to the battery. Go green is an in thing to do, while everyone is moving away from the traditional car to battery operate car. Is battery technology reach a right level for more battery power devices. From as small as mobile phone to as big as automobile.
Alpha and Omega Semiconductor Limited Daily Stock Chart
Is the stock price topping? Forming a double top? The pattern is in progress. Remember all setup can fail, only until the double is completed. The price action goes below the neckline. Otherwise it is a fail double top.
12 October 2016 Alpha and Omega Semiconductor Daily
Another Analysis of AOSL Daily
Add the MACD indicator, we see divergence, price forms a higher high, but MACD is completing a lower high. Trend end, a new tred to start soon. Will see.
12 October 2016 Alpha and Omega Semiconductor and MACD
Moses US Stock Desk
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