AEHR Earnings Swing TradeUsing PoC, trendlines and the developing H&S pattern on the daily to set up a swing trade position.
Taking advantage of the overreaction to the positive earnings on Jan 10th.
AEHR trade ideas
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 | InformativeNASDAQ:AEHR
Price Range & Movement:
The stock seems to be trading between a price range of approximately $29.50 and $36.50 over the displayed time period.
There's a downtrend observed at the left side of the chart, but it appears that the price has since started consolidating in a narrower range.
Key Levels:
Bullish Line: At $33.50, it represents a potential resistance level where the stock might face selling pressure.
Bearish Line: At $32.80, it represents a potential support level where buyers might come in.
Target Price 1: At $30.28, this could be a lower target if the stock breaks the bearish line and continues its descent.
Target Price 2: Not visible in this chart.
Volume:
The volume bars (at the bottom) indicate trading activity. The red bars indicate selling volume and blue bars represent buying volume.
A significant spike in buying volume can be seen around the middle of the chart.
Indicators:
Moving Averages: The stock price is currently trading below both the orange and blue moving averages, signaling a bearish momentum. However, it seems like the price is trying to push through these averages, indicating potential bullish momentum in the near future.
RSI (Relative Strength Index): The RSI is hovering around the mid-range. It's neither in the overbought nor oversold territory, indicating a neutral momentum.
Candlesticks:
The latest candlestick shows a long downward shadow, which can be seen as a bullish sign. It indicates that even though the price dropped during that time period, buyers stepped in and pushed the price back up.
AEHR long near 38 sl 34.20looks like a liquididty hunt below previous support, lets see if it can resume the old run , keep sls in check
$AEHR: Oversold bounce?Growth semiconductor company Aehr Test Systems seems like it may be able to at least get an oversold bounce here so we'll follow and find out
Bullish Hammer with PennantA bullish hammer appeared today after a significant correction. Waiting confirmation of a turnaround.
First price target is ~50, where it could hit with resistance as it re-tests the high.
My next PT is 65, as this turnaround could be the push needed to complete a bullish pennant pattern.
I'm hopeful to see $70 by the year end as they continue to roll out new offerings and pick up additional customers.
AEhr Has been a great runner. Could
Be bull flag breakout occurring here at 40$ level. This thing got more room to run if it can contiue
Solid but extended. Quite extended here, won't chase this at this point, needs a pullback to resume higher. Great rev growth.
AEHR - Breakout Price has broken out of this large channel range this is well shown with the top line showing the breakout (red arrow)
I expect the run to keep going for a bit which I have shown with the channel and bars pattern
The Gaussian Channel indicator is just there for the bull emphasis
AEHR weekly C&H breakoutThis is probably my most favourite stock on the NDQ. Now, it appears almost too good to believe, but we might actually be looking at a break of cup and handle on the weekly timeframe. The RSI is super overbought at the moment, so I expect a re-test of the breakout area, or at least a small pullback, but more or less we are ON!
I'm looking at a first target of around $50. Cup and handle target is $100, but that might take a while, so look to exit at $50 and free hold. We are already in all time high zone, so not much help here from historic levels. Fib levels seem to be the key driver here at the moment, and market sentiment ofcourse.
DYOR and trade at your own risk.
AEHR - Aehr Test SystemsMoving thru the $37 pivot on a big surge in volume. Indexes have pulled back the past few days so we're not buying into an over-extended market anymore.
Relative strengh pickThe strong seems to be very strong and is outperforming the market. Long the 35 call expiring on March 17 2023 at $3.60
$AEHR Pullback to 50 MA$AEHR with first test of its 50 MA line post weekly cup with handle breakout.
A stock that can easily move double digits a day.
Over the high of today's put you at a max 8% stop right below support.
I'm looking for way less than that in current environment. will it hold?
🟨 HOW TO trade stocks in DEEP BASESA DEEP CORRECTION = a correction more than 25-30% within the consolidation period.
Sometimes a stock might correct more especially in a volatile bear market. Deeper correction are more risky as they are more failure prone - use these ideas to put probabilities on your side.
The checklist
1. You want as much time away from that correction as possible (at least 1 year)
2. Many bases (iterations) on the right side (currently 3)
3. Explosive moves over the bottom💥 (currently +100%)
General Rules
The bigger the base the more time you want. Always look to the left to see:
- Where is the supply?
- How much is the supply? (could use Volume Profile free tools on Trading View)
- How is the stock acting as it reaches this supply? (Sharp pullbacks or controlled pullbacks)
AEHR Long Term Looking for AEHR to again visit 4 -5 & in worst scenario 1-2 range but expecting it be bounce to 110 by 2024
$AEHR Maybe a new leader, will see ! #QQQVery strong, holding pretty well on difficult days.
Support bands expanding showing trend continuation.
Retracement around 50% to 60% area.
Inside month, I don't think this will close as inside month.
$AEHR Maybe a new leader, will see ! #QQQHuge weakly Vol change
Over 33% move in 1 Week!
Refuse to make lower lowes for the last 3 months.
Yes Small cap, but big cap moves!
Great breakout today, timing the market!
$AEHR Maybe a new leader updated, we will see! #QQQMarket Rally attempt and AEHR Gaps up and holds gains
24% gain in 2 days.
what Bill O'Neil said is 3 waves down, Leaders bend with market.
Also said, look for identify the next bull market leaders.
Growth stocks with great fundamentals.
Avoid making new lows while the general market enters another leg lower.
I can be wrong, but the chart show good strength.
Volume increase 215%
Trading above SMA 200
SMA 20 and SMA50 Crossing up making up trend.
I really think AEHR put on its running shoes, time will tell.
Please leave your comments, Thanks.
$AEHR Maybe a new leader, will see ! #QQQAEHR is holding pretty good for last 4 Months
what Bill O'Neil said is 3 waves down, Leaders bend with market.
Also said, look for identify the next bull market leaders.
Growth stocks with great fundamentals.
Avoid making new lows while the general market enters another leg lower.
I can be wrong, but the chart show good strength.
Please leave comments of your thoughts. Thanks.
$AEHR Maybe a new leader, will see ! #QQQStrong Earnings says it all!
Bounce twice over 50% retracement
Hanging pretty strong when market decline a few days ago
If you think is expensive now may be losing a bigger run in long term
Chart talking
Earnings talking
$AEHR Maybe a new leader, will see ! #QQQAEHR Nasdaq Listed manufacturer for the semi conductor industry, holding tight after a almost 200% run.
Looks like a healthy 50% retracement while Nasdaq almost double bottom.
50 MA keep raising up.
Trading above 200 MA.
Fundamentals are in good shape as well, last 5 qtrs. with earnings and sales over 100%
Relative strength of 97.
Won't be surprised if gap up at first market rally attempt.
AEHR consolidatingCanslim A+ stock. Consolidating with potential upside. Increased volume showing institutional interest.
