AYRO trade ideas
After a steep correction - looking to the upsideI ran my Fibonacci retracement and trend extension analysis and here's what I'm seeing...
After retracing almost 100%, we look like we're bouncing off the bottom and starting to crawl our way on to the next target of ~15 (Fibonacci 1.618).
I think I'll be taking some profit when we get to ~13-14 (Fibonacci 1.272/1.414) range and then close out the position when the target is reached.
Bullish Hammer - About to complete the handle and move up?!?As I said before, I'm looking for this complete a cup and handle pattern. We were in the downturn of the handle and we ended the day with a bullish hammer.
Currently up 7% in after market trading!
Fingers crossed - good luck everyone.
Remember to do your own homework and let me know what you think!
AYRO - Handle forming after a 3 month cupI 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). It also says that the upside after breaking out is the depth of the cup (~4.50-6).
That would give ~50% return assuming the break out happens ~8 and I hold it until we hit the +4.50 target.
Recovery play.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.
Why $AYRO Ayro, Inc. Surged yesterday?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 with two existing institutional investors for the purchase and sale of 3,333,334 shares of the Company’s common stock, at a purchase price of $6.00 per share, in a registered direct offering. AYRO has also agreed to issue to the investors unregistered warrants to acquire 3,333,334 shares of common stock at $6.93 per share, exercisable six months after the closing and terminating two and a half years after the date of issuance.
finance.yahoo.com