Fly-E's 15min chart shows bullish signals with KDJ Golden Cross and Marubozu formation.

According to the 15-minute chart for Fly-E, a significant technical indicator known as the KDJ Golden Cross has been triggered. This crossover, which occurred at 14:15 on July 7, 2025, signifies a shift in the momentum of the stock price towards an upward trajectory. The formation of a bullish Marubozu candlestick further reinforces this notion, suggesting that buyers are gaining control of the market and are likely to continue driving the stock price higher. As such, investors may wish to consider purchasing Fly-E shares, as the stock is poised for further growth.

Fly-E Group, Inc. (NASDAQ: FLYE), a manufacturer of electric motorcycles, bikes, and scooters, has announced a significant move to maintain its Nasdaq listing and potentially attract institutional investors. The company will implement a one-for-five reverse stock split effective July 7, 2025 [1]. This move comes as Fly-E's stock trades at $0.98, having lost over 83% of its value in the past year [1]. The reverse split aims to increase the market price per share to meet Nasdaq listing requirements.

In addition to the reverse stock split, a notable technical indicator has been triggered for Fly-E's stock. According to the 15-minute chart, the KDJ Golden Cross has been formed at 14:15 on July 7, 2025, signaling a shift in the stock's momentum towards an upward trajectory [2]. This crossover is often interpreted as a buy signal, indicating that the stock price is likely to rise. Further reinforcing this bullish sentiment is the formation of a bullish Marubozu candlestick, which suggests strong buying pressure throughout the session [2].

These technical indicators, combined with the company's recent efforts to stabilize its financial position, may present an opportunity for investors to consider purchasing Fly-E shares. However, it is essential to conduct thorough research and consider the inherent risks associated with investing in the stock market.

References:
[1] https://ca.investing.com/news/company-news/flye-group-announces-1for5-reverse-stock-split-to-maintain-nasdaq-listing-93CH-4088290
[2] https://m.economictimes.com/markets/stocks/news/bullish-momentum-4-stocks-with-white-marubozu-pattern-on-july-4/slideshow/122289104.cms