AEHR got hammered and down 70% from 50's.
Noticed small uptick in volume and up 10% today.
It's sitting on a huge volume shelf here, added a starter position around 16's.
Trading small for now as this is a counter trend trade, we'll see heavy resistance as we move up.
Long - 16-17's
Stop loss - 14
Target #1 - 22 (30%)
Target #2 - 24 (40%) - Huge volume shelf
High Options Open Interest for 17.5 & 20 strikes.
A push above 17.5 can easily push it to 20+
And this may base a while until it clears the massive volume shelf above.
Will revisit this after it clears 22-24
Noticed small uptick in volume and up 10% today.
It's sitting on a huge volume shelf here, added a starter position around 16's.
Trading small for now as this is a counter trend trade, we'll see heavy resistance as we move up.
Long - 16-17's
Stop loss - 14
Target #1 - 22 (30%)
Target #2 - 24 (40%) - Huge volume shelf
High Options Open Interest for 17.5 & 20 strikes.
A push above 17.5 can easily push it to 20+
And this may base a while until it clears the massive volume shelf above.
Will revisit this after it clears 22-24
Trade active
Doing good so farTrade active
Trimmed few at 19 and add few more yesterday around 16ish
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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.