LWLG, AEHR Flash Exhaustion Signals, TSLA Holds Structure

jfsrevg
04-17 10:54

Momentum remains strong but increasingly stretched in select names, raising near-term pullback risk.

Meanwhile, TSLA’s consolidation could position it for relative strength on the next move.

1. $Lightwave Logic, Inc.(LWLG)$

$LWLG — 5th instance crossing 10x ATR% move from the 50-MA within a year.

Not the ideal spot the chase the rally based on historical pullback from this extension.

2. $Aehr Test(AEHR)$

$AEHR — Gapped to ~15× ATR% from the 50-MA, likely due for a pullback similar to $Marvell Technology(MRVL)$ within the semiconductor ecosystem

3. $Tesla Motors(TSLA)$

$TSLA let it rest and consolidate above $380 is fine.

If it's gonna lag the market, it actually presents an opportunity for $TSLA to exhibit relative strength in any overdue pullback before another wave of rally

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