The weekly GoNoGo chart for $AEHR shows that price is in a strong “Go” trend.
The indicator is painting consecutive blue “Go” bars and price has surged after initially consolidating following the identification of a “Go” trend. GoNoGo Oscillator has found support at the zero line twice, telling us that momentum remains in the direction of the trend and is resurgent. During this “Go” trend, volume has been relatively heavy (as shown by the darker blue color of the oscillator). We will look to see if price has the push it needs now to challenge prior highs from a year ago above $25.
