$NASDAQ:AEHR Breaking out of a triangle pattern
AEHR is breaking out of a triangle pattern with positive news and earning coming.Things to consider:
Earnings - Monday 1/13, they've been posting wins quarter after quarter, and I suspect this quarter will be no different. I'd expect a positive boost for the stock price.
News - They've made recent announcement about new product offerings which will help increase their revenue stream. See:
tradingview.com/news/reuters.com,2025-01-07:newsml_ACSnX1rZa:0/
tradingview.com/news/marketbeat:f4058b815094b:0-why-aehr-test-systems-could-be-a-hidden-ai-semiconductor-winner/
Entry Point:
Current Price ~$17/$18
Stop Loss Target:
Since the stock appears to be in an upward trajectory, setting a close stop loss should be ok something like $15/16. That would mean the price starting dropping back below the breakout point.
Price Target:
$35.99
Back Story:
I have a love/hate relationship with AEHR, it was one of my first big wins in trading stocks - It was my first pennant pattern that I bought ~$6. I then continued taking profits and looking for new entry points. I bought low, sold high (rinse and repeat) and finally got burned by not selling when it hit ~$50's! Lesson learned... Stocks do come crashing down, take profits and accept losses.
Trade active
Opened a position at $18.25Trade closed: stop reached
Once again, my cruel nemesis, AEHR, had dashed my hopes and dreams. This will be the last trade with AEHR - I SWEAR! 
I'm not a financial advisor and I'm not offering investment advice. Please consult with your own financial advisor prior to making investment decisions!
Good luck and I'm always happy to hear from you.
Good luck and I'm always happy to hear from you.
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.
I'm not a financial advisor and I'm not offering investment advice. Please consult with your own financial advisor prior to making investment decisions!
Good luck and I'm always happy to hear from you.
Good luck and I'm always happy to hear from you.
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.