AEHR weekly C&H breakout
Updated
This 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.
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.
Note
Not sure how many times I will repeat this, I just love this stock! Here's another bullish pattern I'm looking out for now in the interim. Broadening wedge pattern, which seems to currently be in play and so far can be aligned with the broader trade idea of cup and handle.As always, DYOR and Trade at own risk.
Trade active
Wow, what a day! Killed all immediate stop losses and bounced off the trend line on daily. Also successfully re-tested the C&H breakout line on weekly. This idea is ON!
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