AYRO, Inc.Long
AYRO - Handle forming after a 3 month cup
I 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.
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.
I'm not a financial advisor and I'm not offering investment advice. Please consult with your own financial advisor prior to making investment decisions!
Good luck and I'm always happy to hear from you.
Good luck and I'm always happy to hear from you.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I'm not a financial advisor and I'm not offering investment advice. Please consult with your own financial advisor prior to making investment decisions!
Good luck and I'm always happy to hear from you.
Good luck and I'm always happy to hear from you.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.