I just noticed this today - it appears that AYRO is forming the handle to an already complete cup. My strategy is to watch the downward channel and wait for a clear breakout above the channel or the cup handle (if I'm being more cautious) and then buy in. The rule of thumb says that the handle should complete in the top half of the cup (about where it is now)....
I'm watching this as had an uptick yesterday. If it closes about the channel with increased volume then we could see ~7 increase in the next week or two.
Flag this for June, let's see if we can hit the $20's...
Shout out to Deadnsyde for the analysis about this company. Watching his analysis and DD it does make sense as to why this could be a recovery play. Recent news of a direct offering worth 41 million dollars is good and they intend to use the cash for working capital, and general corporate purposes.
Current favorite position...
Why $AYRO Anchiano Therapeutics Surged yesterday? Thanks to some news in January, $AYRO stock is racing higher. So what was that news? And what else do you need to know? $AYRO is captivating investors thanks to its $20 Million Registered Direct Offering with Two Existing Investors news on January 25. Announced that it has entered into definitive agreements...
EV Sector, huge upside, low downside - Patient play. Could Easily reach 20 USD, am prepared to take profits partially on the way. Will average down in case of corrections.
Don't see anything to worry about yet...
Ayro is currently consolidating. Looks like an inverted Flag pattern but there are more touches below than above, not expecting a reversal. Stochastic RSI is pointing downwards, it should reach oversold or Mid before running, trust that the EV sector will run. MACD is trailing close below signal in 1D and close above in 4H. Loading up and buying in, I prefer...
Hi everyone, the wxyxz structure in this pair is complete, now i expect a total reversal of the trend or a correction of a higher degree. All this tends to a bearish forecast. As the pattern develops i will keep this idea updated, so like, comment, follow so you don't miss any update. Thanks for your support.
I kinda like a < 7 buy-in and 8$ sell. Also, I am new to this so trust your own instinct is my advice