Alset Ehome International Inc (NASDAQ:AEI) may finally be ready to break higher after a strong close on Friday. Looking at the technical chart, major short-term indicators are flashing bullish
signals. The MACD
indicator is slightly negative but is rising above its signal line and RSI
is back abv its 50% levels. Plus, the HUGE short interest and the Elon Musk
Tweet on Friday could be the perfect ingredients for a big short squeeze. I would like to point out that the company recently announced a strategic agreement with Tesla Inc
. for an initial supply of Tesla PV
Solar Panels, Powerwalls and EV
Chargers to be installed at single-family homes. This was a $29 stock less than 6 months ago and once it starts to squeeze higher there is really no telling exactly where it will go. Watch the stock closely on Monday.