Solid but extended. Quite extended here, won't chase this at this point, needs a pullback to resume higher. Great rev growth.
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About Aehr Test Systems
Sector
Electronic Technology
Industry
Electronic Production Equipment
CEO
Gayn Erickson
Website
aehr.com
Headquarters
Fremont
Employees
91
Founded
1977
ISIN
US00760J1088
Aehr 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.
AEHR - Breakout Price has broken out of this large channel range this is well shown with the top line showing the breakout (red arrow)
I expect the run to keep going for a bit which I have shown with the channel and bars pattern
The Gaussian Channel indicator is just there for the bull emphasis
AEHR weekly C&H breakoutThis is probably my most favourite stock on the NDQ. Now, it appears almost too good to believe, but we might actually be looking at a break of cup and handle on the weekly timeframe. The RSI is super overbought at the moment, so I expect a re-test of the breakout area, or at least a small pullback,
AEHR - Aehr Test SystemsMoving thru the $37 pivot on a big surge in volume. Indexes have pulled back the past few days so we're not buying into an over-extended market anymore.
Relative strengh pickThe strong seems to be very strong and is outperforming the market. Long the 35 call expiring on March 17 2023 at $3.60
$AEHR Pullback to 50 MA$AEHR with first test of its 50 MA line post weekly cup with handle breakout.
A stock that can easily move double digits a day.
Over the high of today's put you at a max 8% stop right below support.
I'm looking for way less than that in current environment. will it hold?
🟨 HOW TO trade stocks in DEEP BASESA DEEP CORRECTION = a correction more than 25-30% within the consolidation period.
Sometimes a stock might correct more especially in a volatile bear market. Deeper correction are more risky as they are more failure prone - use these ideas to put probabilities on your side.
The checklist
1. You w
AEHR Long Term Looking for AEHR to again visit 4 -5 & in worst scenario 1-2 range but expecting it be bounce to 110 by 2024
$AEHR Maybe a new leader, will see ! #QQQVery strong, holding pretty well on difficult days.
Support bands expanding showing trend continuation.
Retracement around 50% to 60% area.
Inside month, I don't think this will close as inside month.
$AEHR Maybe a new leader, will see ! #QQQHuge weakly Vol change
Over 33% move in 1 Week!
Refuse to make lower lowes for the last 3 months.
Yes Small cap, but big cap moves!
Great breakout today, timing the market!
See all ideas
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