AYRO - Reading the Charts in Ayro Inc to Generate Trading Plans
When we read the charts for Ayro Inc (NASDAQ: AYRO) we are able to reach conclusion that are not otherwise discernable. We can see where buy signals exist, where sell signals exist, and where risk controls should be implemented. These are what create trading plans. The example here is for AYRO and it demonstrates this practice. This data is current, but it is not real time. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Weak | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 5.43 | |||
| P2 | |||
| 5.58 | |||
| 5.60 | |||
| 7.23 | |||
| P3 | |||
| 5.82 | |||
| 6.08 | |||
| 9.69 |
Long Term Trading Plans for AYRO
April 9, 2021, 5:15 pm ET
The Technical Summary and Trading Plans for AYRO help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this AYRO Report.
AYRO - (Long) Support Plan
The technical summary data tells us to buy AYRO near 5.43 with an upside target of 7.23. This data also tells us to set a stop loss @ 5.41 to protect against excessive loss in case the stock begins to move against the trade. 5.43 is the first level of support below 5.9 , and by rule, any test of support is a buy signal. In this case, support 5.43 would be being tested, so a buy signal would exist.
AYRO - (Short) Resistance Plan
The technical summary data is suggesting a short of AYRO as it gets near 7.23 with a downside target of 5.43. We should have a stop loss in place at 7.25though. 7.23 is the first level of resistance above 5.9, and by rule, any test of resistance is a short signal. In this case, if resistance 7.23 is being tested, so a short signal would exist.