$AEHR - The ER play

9 thg 10, 2024

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.