$Applied Optoelectronics(AAOI.US) has been open for 2 hours

1️⃣ When it rebounded to 104, no one came to sell, but there was already trading volume, indicating that buying interest was already exhausted during the rebound, and the volume was from those who entered at the open thinking they were bottom-fishing.

2️⃣ Looking at the chip distribution, the average price is above 103, consistent with the conclusion of no buying interest, and there's a heavy load of trapped positions above ☝️.

Price tends to move in the direction of least resistance,

The price center is going to shift downwards first 🤔 easier than shifting upwards.