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.
Take a look at the 1-year chart of Aehr (AEHR) below with the added notations:
After hitting $13 as resistance back in July, AEHR eventually cleared that mark on route to its recent $19 high. A pullback brought the stock back to $13 again where it ended up finding support. AEHR has shown the $13 price to be an important level (yellow), one that could provide support once more on the current decline.
The Tale of the Tape: AEHR has a key level at $13. A trader could enter a long position on a pullback down to that level with a stop placed below it. However, if traders are bearish on the stock, a short trade could be made on a break back below $13 instead.
Before making any trading decision, decide which side of the trade you believe gives you the highest probability of success. Do you prefer the short side of the market, long side, or…
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