AEHR has the potential for a descending wedge breakout. The company will be reporting earnings on October 10th. 👀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.
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 am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.