AEHR, has potential but could just be hot air
Updated
A leverage play to the EV market.
Fundamentally the stars may align for this semiconductor business, as the EV market might be bottoming. The price looks weak, however, we are coming off lows and the selling volume has declined. Price needs to break above the 0.786 and move towards the golden pocket. I suspect it's the end of the corrective wave 5 and the start of an abc pattern back towards the upside. I'm waiting for a breakout above the Fib level first, as a sign of strength
Fundamentally the stars may align for this semiconductor business, as the EV market might be bottoming. The price looks weak, however, we are coming off lows and the selling volume has declined. Price needs to break above the 0.786 and move towards the golden pocket. I suspect it's the end of the corrective wave 5 and the start of an abc pattern back towards the upside. I'm waiting for a breakout above the Fib level first, as a sign of strength
Trade closed: target reached
Target reached at $22. Trade closed
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