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 trade ideas
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.
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 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.
🟨 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 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 ! #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.
The hedged grid trading system experiment The hedged grid trading system uses the principle that one should be
able to cash in at a gain no matter which way the market moves. No
stops are therefore required at all. The only way this is logically possible
is that one would have a buy and sell active at the same time. Most
traders will say that that is trading suicide but let's take some to look at
this more closely.
Let's say that a trader enters the market with a buy and sell active when
a currency is at a level of say 100. The price then moves to 200. The
buy will then be positive by 100 and the sell will be negative by 100. At
this point we start breaking trading rules. We cash in our positive buy
and the gain of 100 goes to our account. The sell is now carrying a loss
of -100.
The grid system requires one to make sure that cash in on any
movement in the market. To do this one would again enter into a buy
and a sell transaction. Now, for convenience, let's assume that the price
moves back to level 100.
The second sell has now gone positive by 100 and the second buy is
carrying a loss of -100. According to the rules one would cash the sell in
and another 100 will be added to your account. That brings the total
cashed in at this point to 200.
Now the first sell that remained active has moved from level 200 where
it was -100 to level 100 where it is now breaking even.
The 4 transactions added together now magically show a gain:- 1st buy
cashed in +100, 2nd sell cashed in +100, 1st sell now breaking even
and the 2nd buy is -100. This gives an overall a gain of 100 in total. We
can liquidate all the transactions and have some tea.
AEHR - ready to fly?15th July 2022, NASDAQ:AEHR based on EPRAF indicator, the green line has crossed over the red line. This marks the beginning of the uptrend phase for the AEHR. With the presence of sharks (yellow bars) detected in EPRAF Support 3, the attractive MACD and Stochastic are a sign of a good start for the AEHR to fly.