EHHi guys, so this is my first analysis, so take it with a grain of salt.
Not discussing fundamentals, but
EH seems a solid company with already some sales and also with some barriers removed (flying licences).In the UAM / eVTOL space I do think that it's the company with the best condition right now to e a long term hold.
Having said that, we can see that
EH already enjoyed some nice gains, and we can also see a clear uptrend.Until this channel is broken, I don't see any signs of it ending right now. As such I've applied some Elliot Wave to see if I can find a good point to buy more stock.
It already had a full Elliot Wave that started in January, a good ABC correction and I believe that it is going on another run until the top of the channel, or beyond, who knows. But that's beside the point. After this wave I'm expecting a nice pullback to give us a good window to buy more.
So if all is like the same wave, I'm expecting a buy window (green rectangle) around the 110 - 124 range.
Bear in mind that these conclusions are with the current info. If
EH has positive/negative news, this is not valid anymore.This is not financial advice and I own
EH Stock.Good luck. Leave a thumbs up if you liked this analysis.
Note
Looking a bit better at this and I think that a better target would be 98-120. Still pretty undefined as we need the wave to complete.
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.
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.