AEHR systems has a good long trade set upAEHR systems has a strong weekly long set up. It has just started to break out. I will be accumulating at 14 and below as long as the stock maintains above the support level of $12.84.
My first profit target is at 28 dollars. This is a weekly chart so it will take some time to play out.
Upside Targets:
- Nearest upside target: $22.68 (56.5% above current price)
- Next step higher: $57.84 (155.2% above nearest target)
- Downside Targets:
- Nearest downside target: $13.47 (7.1% below current price)
- Next step lower: $10.80 (19.8% below nearest target)
- Watch for a breakout above the resistance level of $21.44 for a more bullish confirmation.
- Be cautious of a drop below $13.47, which could indicate a bearish reversal.
AEHR
AEHR Test Systems Options Ahead of EarningsIf you haven`t bought AEHR before the rally:
nor sold the Double Top:
Then analyzing the options chain and the chart patterns of AEHR Test Systems prior to the earnings report this week,
I would consider purchasing the 15usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $0.98.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AEHR - Small swing trade - Probably 30-40% upside from hereAEHR got hammered and down 70% from 50's.
Noticed small uptick in volume and up 10% today.
It's sitting on a huge volume shelf here, added a starter position around 16's.
Trading small for now as this is a counter trend trade, we'll see heavy resistance as we move up.
Long - 16-17's
Stop loss - 14
Target #1 - 22 (30%)
Target #2 - 24 (40%) - Huge volume shelf
High Options Open Interest for 17.5 & 20 strikes.
A push above 17.5 can easily push it to 20+
And this may base a while until it clears the massive volume shelf above.
Will revisit this after it clears 22-24
AEHR Test Systems Options Ahead of EarningsIf you haven`t sold the Double top on AEHR:
Then analyzing the options chain and the chart patterns of AEHR Test Systems prior to the earnings report this week,
I would consider purchasing the 22.50usd strike price at the money Calls with
an expiration date of 2024-6-21,
for a premium of approximately $5.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AEHR Aehr Test Systems Options Ahead of EarningsIf you haven`t bought AEHR here:
Then analyzing the options chain and the chart patterns of AEHR Aehr Test Systems prior to the earnings report this week,
I would consider purchasing the 45usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $4.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
AEHR | InformativeNASDAQ:AEHR
Price Range & Movement:
The stock seems to be trading between a price range of approximately $29.50 and $36.50 over the displayed time period.
There's a downtrend observed at the left side of the chart, but it appears that the price has since started consolidating in a narrower range.
Key Levels:
Bullish Line: At $33.50, it represents a potential resistance level where the stock might face selling pressure.
Bearish Line: At $32.80, it represents a potential support level where buyers might come in.
Target Price 1: At $30.28, this could be a lower target if the stock breaks the bearish line and continues its descent.
Target Price 2: Not visible in this chart.
Volume:
The volume bars (at the bottom) indicate trading activity. The red bars indicate selling volume and blue bars represent buying volume.
A significant spike in buying volume can be seen around the middle of the chart.
Indicators:
Moving Averages: The stock price is currently trading below both the orange and blue moving averages, signaling a bearish momentum. However, it seems like the price is trying to push through these averages, indicating potential bullish momentum in the near future.
RSI (Relative Strength Index): The RSI is hovering around the mid-range. It's neither in the overbought nor oversold territory, indicating a neutral momentum.
Candlesticks:
The latest candlestick shows a long downward shadow, which can be seen as a bullish sign. It indicates that even though the price dropped during that time period, buyers stepped in and pushed the price back up.
Aehr in the rear. AEHRGoals 12.6, 11.9, 11. Invalidation at 17.64 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
AEHR Test System With A 1:2 Risk/Reward Ratio PotentialAEHR has been on a massive uptrend from July, but currently consolidating. A further pullback towards $12 will give a better R:R (2). However, if price close above 17.60, more highs are expected...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Dissecting a winning trade in $AEHR. What went wrong?Admittedly, not all of my trades will be correct. Even if they are correct, I will never be able to trade them perfectly. What I strive for is to be better than yesterday.
Such is the case for my $AEHR trade.
The marked areas are what I used to enter this stock, usually when volatility has died down.
Tried to be as patient as I could by trailing my profit with 5 Day Moving Average. It worked for a time but my ride got cut short, leaving me in the dust at $13.50ish
Maybe it was too tight of a trail profit to use. Nonetheless, that strategy has proved its worth in the past already.
Currently missing out on a lot of gains from this. Will use this experience to improve my strategy further.
This trade has made me around $30k. It's good but still a lot more to be improved.
Thanks and good luck out there!
Shorting AEHR Testing Systems. AEHRImpulse finished locally here, awaiting confirmation of a pivot but seemingly confident that it will be confirmed. See my rants on how fractals never lie. We are going down and fractally determined targets are on the board.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
AEHR Test Systems Price PredictionBen Rabizadeh, founder of storytrading.com, said Aehr Test Systems is his largest position.
Rabizadeh is targeting a short-term move to the mid-teens if the stock is able to break through $8 per share with high volume, which just did.
Aehr Test Systems could reach $50 by the end of 2021, Rabizadeh said.
The stock could trade as high as $100 per share in the next two to three years, he added. (benzinga.com)
The volume today was 31Mil from an Average of 4,3Mil
Fib Levels On AEHR Going WAY BackHad to take the AEHR chart all the way back out to 2017 to find some levels to plot. Took the fib retracement and look what we found: high traffic area around the 236 level. Tested it for the first time since 2017 and failed to break & hold. After pulling back, AEHR came within testing distance of the 382 level. After such a huge extension it will be interesting to see if it ends up consolidating above this level or if it tests (or breaks below) it.
"If we consider that the market for computer chips is extremely in demand right now, we see just why AEHR is getting so much attention. While it is not a producer of these chips, it does work as an ancillary company in the industry. In the past six months, shares of AEHR stock have rocketed higher by around 31%. Over the past twelve months, that number shoots up to over 45%... Only recently, Aehr Test Systems won a $2.9 million follow-on order for its FOX-XP Wafer Level Test and Burn-in system as well as multiple WaferPak Contactors from its lead silicon carbide customers. While this alone is not a be-all-end-all deal, it is a big step for the commercialization of its products. Additionally, large orders tend to help with the notoriety of a product and can lead to more orders in the future... ...While many gains with penny stocks occur without news, AEHR made an exciting announcement in the early morning on Monday. The company stated that it received a $10.8 million order for its silicon carbide test and a burn-in customer regarding its FOX-XP systems its WaferPak product... "
Quote Sources:
7/12: 5 Top Penny Stocks on Robinhood That You Should Check Out in July
7/19: 3 Top Penny Stocks For Your Monday Morning Watchlist
AEHR - Bullish Momentum - Could Hold - WaitAehr Test Systems engages in the design, manufacture, and marketing of test and burn-in products to the semiconductor manufacturing industry. Its products include wafer contact test systems, test during burn-in systems, test fixtures, and die carriers. The company was founded by Rhea J. Posedel on May 25, 1977 and is headquartered in Fremont, CA.
SHORT INTEREST
265.63K 09/13/19
P/E Current
-7.14
P/E Ratio (with extraordinary items)
-7.25
Average Recommendation: BUY
Average Target Price: 3.00
AEHR- Flag formation Long from $3.80 to $4.37AEHR is a beautiful flag formation. Huge breakout & it has good upside potential. A break of $9.74 can insure the upward flag break.
* Trade Criteria *
Date first found- February 14, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $3.80
Exit Target Criteria- $4.37
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)