There is a decent drawdown in Optic names today like $Applied Optoelectronics(AAOI.US), $Coherent Corp.(COHR.US), $Ciena(CIEN.US), $Keysight Tech(KEYS.US), etc.
So far most of these names are holding 9/21ema. As long as the Key moving averages are held no need to worry. If we see EMAs lost with more than 1X avg volume, that will be a problem.Source: First Fellow
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