AYRO electric vehicles

*investment opportunity*

On the above monthly chart 7 years of price action resistance comes to an end following an oversold condition (orange column) with price action breakout. There now exists a number of reasons to be bullish on AYRO, they include:

1) Regular bullish divergence. Price action made lower lows as the oscillators made higher highs - very bullish.

2) Together with point (1) volume is accumulating. Someone knows something I don’t!

3) On the 6-month chart (below) there is a large ‘morning star’ candle with bullish engulfing candle confirmation. Very bullish on this scale making a trend reversal highly probable.

4) Lastly on the weekly chart (below) we have the 21-week (yellow) moving average crossing up the 50-week (Green) moving average. Been over 14 years since that happened.

Institutions such Blackrock, amongst others, make up for 3% of the shareholders of this stock.

A buy from $4.25 is excellent.

Weekly chart:

6-month chart:

Trade active:

50% in 24 hours ?!

Trade active:

Good long entry point as price action lands on the golden ratio.

Trade active:

RSI returns to strong support (purple circles) on the 10-day chart - look left.

Trade active:

On the 2-week chart a dragonfly DOJI candle prints as stochastic RSI crosses up 20 (purple circle)

Comment:

Just had an alarm go off on this one to inform me the downtrend in price action resistance is now broken. That's a positive.