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:
