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 financial advice. Everyone should do their own homework before making any decisions!
Good luck and I'm always interested in what you think.
Good luck and I'm always interested in what you think.
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