$AAOI: retraced to 38.2%Applied Optoelectronics, Inc.BATS:AAOIHeadsUp2021AAOI faked out of the $130-150 resistance zone and now has retraced 38.2% of the entire up move. 50% retracement is at $119.11 so it's still vulnerable to more downside. It's trading with SMH, which has also retraced 38.2%. As long as it is in synch with SMH, I'm not worried about my long position. I'm holding my shares.