AEHR systems has a good long trade set upAEHR systems has a strong weekly long set up. It has just started to break out. I will be accumulating at 14 and below as long as the stock maintains above the support level of $12.84.
My first profit target is at 28 dollars. This is a weekly chart so it will take some time to play out.
Upside Targets:
- Nearest upside target: $22.68 (56.5% above current price)
- Next step higher: $57.84 (155.2% above nearest target)
- Downside Targets:
- Nearest downside target: $13.47 (7.1% below current price)
- Next step lower: $10.80 (19.8% below nearest target)
- Watch for a breakout above the resistance level of $21.44 for a more bullish confirmation.
- Be cautious of a drop below $13.47, which could indicate a bearish reversal.
Aehrtestsystems
AEHR - Small swing trade - Probably 30-40% upside from hereAEHR 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
AEHR Test Systems Options Ahead of EarningsIf you haven`t sold the Double top on AEHR:
Then analyzing the options chain and the chart patterns of AEHR Test Systems prior to the earnings report this week,
I would consider purchasing the 22.50usd strike price at the money Calls with
an expiration date of 2024-6-21,
for a premium of approximately $5.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AEHR Aehr Test Systems Options Ahead of EarningsIf you haven`t bought AEHR here:
Then analyzing the options chain and the chart patterns of AEHR Aehr Test Systems prior to the earnings report this week,
I would consider purchasing the 45usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $4.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Aehr in the rear. AEHRGoals 12.6, 11.9, 11. Invalidation at 17.64 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Dissecting a winning trade in $AEHR. What went wrong?Admittedly, not all of my trades will be correct. Even if they are correct, I will never be able to trade them perfectly. What I strive for is to be better than yesterday.
Such is the case for my $AEHR trade.
The marked areas are what I used to enter this stock, usually when volatility has died down.
Tried to be as patient as I could by trailing my profit with 5 Day Moving Average. It worked for a time but my ride got cut short, leaving me in the dust at $13.50ish
Maybe it was too tight of a trail profit to use. Nonetheless, that strategy has proved its worth in the past already.
Currently missing out on a lot of gains from this. Will use this experience to improve my strategy further.
This trade has made me around $30k. It's good but still a lot more to be improved.
Thanks and good luck out there!
AEHR Test Systems Price PredictionBen Rabizadeh, founder of storytrading.com, said Aehr Test Systems is his largest position.
Rabizadeh is targeting a short-term move to the mid-teens if the stock is able to break through $8 per share with high volume, which just did.
Aehr Test Systems could reach $50 by the end of 2021, Rabizadeh said.
The stock could trade as high as $100 per share in the next two to three years, he added. (benzinga.com)
The volume today was 31Mil from an Average of 4,3Mil