$AEHR - The ER play
AEHR has the potential for a descending wedge breakout. The company will be reporting earnings on October 10th. đź‘€It is a small-cap stock with a 27.67 million share float, of which institutions hold 67%, and it has a 17% short interest. This means that if the company reports a strong quarter, a short squeeze could be a possibility.
The stock has formed a solid base and has been holding up above the Point of Control (POC), which could serve as a launch pad.
Targets:
$14.70
$16.58
$19.11
$23.97
As always, I share my opinions and trades. I am not suggesting that anyone follow my trades. You do you.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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