Mar. 17 at 2:08 PM
$AEHR Surprisingly resilient in this macro. Defending the 0.2 fib superbly (yes we dipped temporarily but reclaimed it quickly) The fact its holding that level was enough for me to add significantly to my swing position today. Earnings coming up imo might see a contract before it (2 incoming?) Next buy order around
$32 (next fib level) Very hard to see it breaching
$30... 50 SMA + 0.3 Fib for support. Selling pressure volume is also drying up. Seems like holders know what they have and whats coming up (2 trial periods resulting in potential contracts soon possibly before earnings?...NAND trial + AI leading processor (company changing..))
Options data is even more interesting. As you can see it is skewed to calls. Usually after such a run especially in these macro conditions you would see market makers buying alot more puts for downside protection...Just not seeing that here. Seems like institutions are very bullish as well and not selling.
GLTAH. Bullish. If we dip I buy more.
