How Aggressively Will You Play Ace-Queen?

The San Jose-based multi-gig Ethernet solutions chip supplier Aquantia, which IPO'd last November 2017, presents a similar dynamic which many strong individual chum, software, and biotech charts are offering up this afternoon. 

One the one hand, Aquantia, below on its daily chart, is an enticing long setup, with price threatening to break the highlighted symmetrical triangle consolidation up and out, with the prior post-IPO highs of $13.80 recently serving as newfound support, to boot. 

Moreover, the firm is a buzzword buffet, as a recent headline in VentureBeat boasted, "Aquantia will network self-driving cars with multi-gig bandwidth." Thus, the self-driving car angle is certainly a sexy one, especially for a chip supplier. 

Then again, the broad market is putting in another volatile week with the Dow routinely dropping 300-500 points at a clip, couched today by the IWM small caps holding the line for bulls. 

Incidentally, or perhaps not, Aquantia's ticker symbol is AQ, also poker lingo for a starting hand of Ace-Queen. Ace-Queen is a strong starting hand in Texas Hold 'em, one which you typically want to play strongly but also not necessarily overplay if you encounter fierce opposition. 

Similar comments apply to this chart and many alluring software, biotech, chips today individually--They are strong into the weekend but must have the broad market calm down just a tad in all likelihood for them to flourish to attain meaningfully higher price anytime soon.