Heading back to double figures?Interesting pattern, after being range bound for about a year - the stock made a great move in November.
We respected the $6 support and should be now heading back to previous highs. A break above will lead the price to $13-18 zone.
What do you guys think?
Disclaimer: This is not a financial advise. Please make your independent decisions while making an investment.
AYRO trade ideas
$AYRO can rise in the next daysContextual immersion trading strategy idea.
Ayro, Inc. designs and manufactures light-duty, emissions-free electric vehicles for urban and community transport, local delivery, closed campus mobility, recreational, and government use.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $3,50;
stop-loss — $2,82.
Information about take-profits will be later.
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AYRO Texas based EV urban & short-haul marketAYRO doesn't have much chart history to get a clear picture for the long term, it's 52 week low = $.07 and 52 week high = $8.18, but this week it's share price has gone from $3.94 to $7.92 = 100%. With the market momentum on the side of the ev sector, I think that this could be a great speculative play with a lot more upside potential. Because it is speculative, I would not trade more than .5%-1% of your portfolio value. I was browsing the AYRO company website and it looks like they are doing a great job running their business in this niche EV urban short-haul market. The company was founded on May 19, 2016 and is headquarted in Round Rock Texas. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
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AYRO as a Investment . Hello Traders,
We saw massive hype on EV sector and finally its cooling off not with every company but I think daily traders and short term investors did get out in profits or became bag holders .
My idea here is that hype will come back and getting some shares with these prices its safe investment , Its not a trading idea ( but you know what they say BUY low sell HIGH ). In my opinion next wave will be bigger some people will sell and some will add more . Therefor I don't have target on this play and I know that I will probably will not catch the bottom or sell the top, But I'm starting accumulation here with small size portions and longer time frame scenario.
Taking in to consideration current over all market scenario it could be rocky and unpredictable (As always) but in same time companies like this have a good longer time opportunities to grow in my opinion ,
Share your opinion .
See you next time,
AYRO EV STOCKAYRO, Inc. (AYRO), formerly DropCar, Inc., is a designer and manufacturer of purpose-built, automotive-grade electric vehicles (EV). The Company’s EV models include AYRO 311 and Club Car 411. AYRO 311 is a three-wheeled vehicle with inline seating and four-door access for professional and personal use. The Company offers its AYRO 311 with multiple configurations including fully enclosed two-seater, half doors and one-seater with the cargo area. The Club Car 411 is a compact all-electric vehicle suitable for low-speed logistics and cargo services. The Company offers Club Car 411 with multiple bed configurations including a fully enclosed box truck, pickup bed and flatbed. AYRO delivers electric vehicle solutions for campus management, last-mile delivery, urban commuting and closed campus transport.
Watching this and FUV