AIRO Group Holdings is our newcomer in the industrials stocks sector.
This stock has a short history and has possibly bottomed out, setting a major low. Its long-term major low is located at $5.71. From there, AIRO built a first impulse with green wave 1 and 2, and is currently in the early stages of forming a long-term, major, strong, and sustainable bullish uptrend, following into green wave 3.
After the completion of the green first impulse, AIRO sets up a great structure for a bullish continuation. Its local high at $11.74 represents a bullish fractal, which follows our long-term expectation for bullish green wave 3. However, in the short term, we are looking for the perfect entry positions to profit from this upcoming uptrend.
For that, we expect that this dark blue fractal has come to an end and is currently trading in a corrective phase, forming dark blue wave 2. For the end of this correction, we have set a Fibonacci retracement zone, in which we plan to allocate our first positions in this stock.
Long entry levels:
- 61.8% at $8.28
- 78.6% at $7.34
- 88.7% at $6.77
From there on, we expect AIRO to gain strong bullish momentum. Airo has already activated this zone.
If anything happens with this stock, we will update you immediately.
Kind regards,
Monalytics
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