Joby Aviation going for a 80% dump?
Following the successful “short” of eVTOL manufacturer Lilium (idea below - read for deep dive), we’re now going to target another. This time, Joby Aviation.
The principles behind this idea are the same as was with Lilium, mixture of fundamentals and technical analysis.
A lot of the criticism from my own quarter comes from the promises that certification is just around the corner. It has been 11 years now, and still no certification.
Don’t listen to what the say.
Pay attention to what they do.
As the money runs out the business now looks to collect $200 million from investors:
“Joby Aviation Stock Drops After Pricing Public Offering of 40M Shares”
source:
businesswire.com/news/home/20241024899106/en/Joby-Aviation-Inc.-Announces-Pricing-of-Public-Offering-of-Common-Stock
The chart -
On the above 2 week chart price action has been printing lower highs for the last year. Since then there is broken market structure with uptrend channel support failure.
The uptrend flag continuation pattern projects a 80% correction. On confirmation, such flag patterns meet the target 77% of the time. This would take price action to the 1.60 area.
On RSI, a breakout of support is also visible.
Is it possible price action grows? Sure.
Is it probable? No.
Ww
Go short from current price action.
Lilium short
The principles behind this idea are the same as was with Lilium, mixture of fundamentals and technical analysis.
A lot of the criticism from my own quarter comes from the promises that certification is just around the corner. It has been 11 years now, and still no certification.
Don’t listen to what the say.
Pay attention to what they do.
As the money runs out the business now looks to collect $200 million from investors:
“Joby Aviation Stock Drops After Pricing Public Offering of 40M Shares”
source:
businesswire.com/news/home/20241024899106/en/Joby-Aviation-Inc.-Announces-Pricing-of-Public-Offering-of-Common-Stock
The chart -
On the above 2 week chart price action has been printing lower highs for the last year. Since then there is broken market structure with uptrend channel support failure.
The uptrend flag continuation pattern projects a 80% correction. On confirmation, such flag patterns meet the target 77% of the time. This would take price action to the 1.60 area.
On RSI, a breakout of support is also visible.
Is it possible price action grows? Sure.
Is it probable? No.
Ww
Go short from current price action.
Lilium short
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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