AEHR - ready to blow?
AEHR test systems is a highly volatile stock to trade. It can provide some excellent returns in the event we continue to this upwards move in the stock market. I believe AEHR is in a bottoming structure, we ended the 5th wave and now in a period of sideways consolidation. Preparing for a volatile move to the upside.
Within this period of sideways consolidation, we are seeing bullish signs. According to my Elliot Wave analysis, we are in a Power Flat - which is essentially a higher low (Wave B) and if we can maintain the point of control (red horizontal line at $11.50) we should rally up higher than Wave C.
This stock suits a risk on environment for several reasons. It is a small cap involved in the semiconductor industry, particularly known for its EV industry solutions. I expect this industry to receive a huge boost for a looser interest rate cycle.
I have enjoyed trading this stock before, if you look at my previous idea tagged. That was a very successful trade and I believe now may be a good time to think about going long again.
Do your own research, not financial advice.
Within this period of sideways consolidation, we are seeing bullish signs. According to my Elliot Wave analysis, we are in a Power Flat - which is essentially a higher low (Wave B) and if we can maintain the point of control (red horizontal line at $11.50) we should rally up higher than Wave C.
This stock suits a risk on environment for several reasons. It is a small cap involved in the semiconductor industry, particularly known for its EV industry solutions. I expect this industry to receive a huge boost for a looser interest rate cycle.
I have enjoyed trading this stock before, if you look at my previous idea tagged. That was a very successful trade and I believe now may be a good time to think about going long again.
Do your own research, not financial advice.
Trade closed: target reached
Target 1 hit at $17. Trailing stop loss for Target 2.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.