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just4tradin
Feb 9, 2024 12:50 AM

AEHR - Small swing trade - Probably 30-40% upside from here Long

Aehr Test SystemsNASDAQ

Description

AEHR 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

Trade active

Doing good so far

Trade active

Trimmed few at 19 and add few more yesterday around 16ish

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