Drones to the sky - Cup & Handle patternA massive cup-and-handle pattern is forming in $NYSE:ACHR.
The recent price movement has created the handle shape, and now the stock appears to be surging upward.
Graphically, on November 27th, the stock broke through the resistance level of $7.29 with high volume. A brief pullback to test the new support level at $7.29 may occur.
Target Price: Approximately $13 per share.
Additionally, strong and positive news continues to bolster this bullish outlook. Notably, Donald Trump Jr., son of the president-elect Donald Trump, is involved in the drone industry, further supporting this ascending thesis.
ACHR trade ideas
Cup and Handle on 1 day and 2hr Charts - ACHRThe pullback to form the handle was small but noticeable on both timeframes. If it makes another run I'll be adding to the calls and go out to a strike of 10$. Good luck if you play. If it pulls back significantly I will be looking at selling puts at a strike price and premium that are unlikely to result in assignment, providing an opportunity for some additional profit.
80% collapse for unicorn eVTOL manufacturer Archer Aviation?Following the successful “short” of eVTOL manufacturer Lilium (idea below), we’re going to target another. This time, Archer Aviation.
The principles behind this idea are the same as was with Lilium, mixture of fundamentals and technical analysis.
For some years I’ve been watching with interest the electrification attempts of the helicopter. Referred to as eVTOL (electric vertical takeoff and landing), various companies around the world are competing for market dominance with their winning design.
There’s a realisation coming to many electric cars owners that will inevitably spill over to eVTOL.
1) Range anxiety.
2) Hazardous battery fires are hard to extinguish.
3) The mass-based energy density of batteries is in the range of 0.1 to 0.27 kWh/kg. In comparison, gasoline is 13 kWh/kg.
For me, no. 3 is the killer of electric transportation via battery, whether it be on road or flight you carry weight than never depletes during use.
4) Proven certified technology.
I’m a safety aerospace engineer by trade. When moving people around even for short flight, safety is above all. There can be nothing more important. eVTOL is complex technology, especially when compared to a regular helicopters. I’m not saying they are not safe, but proving they are remains a long way off.
Almost all eVTOLs require an airfield to operate. Helicopters do not. Have been invited to a number of demonstrations over the years, the one thing that continues to strike me is how far certification for safe flight actually is. Easily 10+ years. These business are advertising a very different picture, which is disingenuous in my opinion.
The chart -
On the above 12 day 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 bear flag continuation pattern projects a 80% correction. On confirmation, such flag patterns meet the target 77% of the time. That’s a huge statistic to ignore.
On RSI, a breakout of support is also visible.
Is it possible price action grows? Sure.
Is it probable? No.
Ww
Go short from anything near $4
Lilium short
Helicopter Move to $7.50Breaking out of a yearly downtrend on decent volume. Under 2B valuation EV aviation firm with room to grow. Possible buyout target company. Just announced a new sale of stock that temporarily knocked down price below $5, but investors are shaking off the dilution news and pushing price firmly above $5.
Short term target -> $7.50
Archer Aviation Chart with TargetsAnything aviation related carries extra risk. With that said the milestones that have been reached and expanding customer base the upside is tremendous. Agreements with Japan Airlines, United, Southwest, interest from the military, air taxi agreements in several large cities to provide air taxi service between large events and the main airports all speak to the where this industry is headed. I prefer ACHR over others in the space.
ACHR - LONGStock traders may advise shareholders and help manage portfolios. Traders engage in buying and selling bonds, stocks, futures and shares in hedge funds. A stock trader also conducts extensive research and observation of how financial markets perform. This is accomplished through economic and microeconomic study; consequently, more advanced stock traders will delve into macroeconomics and industry specific technical analysis to track asset or corporate performance. Other duties of a stock trader include comparison of financial analysis to current and future regulation of his or her occupation.
ACHR NYSE --On a Close Trend of spiking as could break 200MA 4.8This is one of many Electric Aviation company's with some nice numbers moving up to 4.8$ which is a shows (me?) 200MA..thus could be a nice Swing.
I'm in from 5.10$ as for this trade..will wait some days, As it also shows fast dumps..so need an eye on it, But for me looks like Tree Shaking..
Good luck if helps anyone
$ACHR higher highs, higher lowsCAPITALCOM:ACHR ACHR has trended up the last month, with higher highs and higher lows. A few substantial impulsive legs, and most recently false breaks of the rising support line. Drop today could be a good entry. Bullish for the short and medium time frame. As always, wait for a confirmation candle to verify.
ACHR - Flying Taxi Company - 28% Short FloatArcher Aviation Inc advances the benefits of sustainable air mobility. The company is engaged in designing and developing a fully electric vertical takeoff and landing eVTOL aircraft for use in UAM networks. It is creating an electric airline that moves people throughout cities in a quick, safe, sustainable, and cost-effective manner.
Investment Summary
Shares in Circulation: 57.922M
Short Float: 28.25%
Recent Development: Announcement of a planned San Francisco air mobility network has led to a significant stock surge.
Technical Analysis
Critical Range for Continuation: $3.80 - $4.00
Target Price (Take Profit): $7.00
Stop Loss: Set at under $2.90
Trading Strategy
Entry Point: Monitor the critical range of $3.80 to $4.00. If the stock breaks above this range with strong volume, it might signal a continuation of the upward trend.
Profit Target: Set your take profit at $7.00, considering the recent positive news and technical setup.
Risk Management: Place a stop loss slightly below $2.90 to protect against significant losses if the stock reverses.
Considerations
Market Conditions: Keep an eye on the overall market conditions, as they can influence the stock's performance.
Short Squeeze Potential: Given the high short float of 28%, there is potential for a short squeeze, which could drive the stock price higher rapidly.
Chart Analysis
Review the attached chart for detailed price trends and movements. Pay attention to key technical indicators such as moving averages, RSI, and MACD for further insights into the stock’s momentum and potential reversals.
Trading Advisory
Exercise caution and align your trading actions with your risk tolerance and market conditions.
Conduct comprehensive research or consult with a financial advisor to tailor the strategy to your individual circumstances.
Disclaimer
This content is for informational purposes only and should not be considered financial advice.
By following this strategic approach, you can potentially capitalize on the recent positive developments and technical signals for Archer Aviation (ACHR).
Archer Aviation Inc Archer Aviation Inc witnessed a strong rebound after forming a bottom at 3.33, to violate the resistance area 4.19 - 4.03. then the confirmation of this breakout by remaining above 4.19, will confirm shifting the trend to an uptrend, which will trigger further rises near 4.57 - 4.72 - 5.19 - 5.55.
The stop-loss lies below 3.81.
the indicators are heading towards the positive side, which confirms the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
ACHR for the long haulBased on the Fib chart, NYSE:ACHR is a newly company with a Market Cap at 1.2 billion already. This Company is on an innovation path for future transportation. I truly believe that this company is just getting started and the train is loading up before takeoff. I'm slowly investing in this company but will load up at certain prices.
On the Fibonacci, we are at the lower spectrum or (discount zone). Once this gets moving, I have a feeling this company will take off like its Aircraft.
This is my take on the Company, with Usher being the face of it. There is no way that this company doesn't become larger than it already is.
Happy Trading everyone !!
The aviation industry is looking for its own TeslaI just now came across these two start ups working on EVTOLs (Electric vertical take-off and landing). One is ACHR (Archer Aviation - Archer Aviation ) backed up by $1 billion dollars from United Airlines, the second being JOBY (Joby Aviation - Joby Aviation ) Backed up by $400 million from Toyota and $60 Million from Delta Airlines.
I wanted to see others thoughts on this as they are both still early in their start-up phases and, from my understanding, not much will happen until 2025-2028. I am relatively new to performing Fundamental Analysis and wanted to share what I found with everyone.
ACHR is currently trading at $3.65 while JOBY is currently trading at $4.54. I've added links below to some articles from Yahoo Finance as reference.
The aviation industry is looking for its own Tesla (Yahoo.com)
Jetsons like travel in air taxis is as close as we've seen (Yahoo.com)
Update on ARCH (Elliot Wave and More Triangle Patterns)Hello Traders,
We’ve been closely monitoring ARCH and have identified a triangle pattern forming.
If the triangle breaks to the downside, we’ve identified possible support levels where price could potentially bounce back.
First Support: The first support level is located at the golden pocket on the Fibonacci retracements, which is between 4.59 and 4.54.
Second Support: If the price breaks below the first support, the next level to watch is at 4.36. This could serve as our secondary support.
**The “golden pocket” is a term used in technical analysis, referring to the area between the 0.618 and 0.65 Fibonacci retracement levels. In Elliott Wave Theory, this area is significant because it’s often where the price retraces to during the second wave of an Elliott Wave sequence. This retracement provides a potential buying opportunity before the price resumes the trend in the third wave. The golden pocket’s importance lies in its potential predictive power for future price movements. It’s called the “golden” pocket due to its alignment with the Golden Ratio (0.618), a mathematical ratio found in nature and art that’s also significant in financial markets.
Happy Trading!
Check out my other posts btw
ACHR - LONGSpeculative play, not a huge amount invested.. BUT..
"ACHR stock, paying up today for a (possible) big payoff tomorrow may just well be worth it. The commercialization stage is just around the corner. As Archer discussed in its latest investor presentation, the company is now in the final phase of obtaining certification from the Federal Aviation Administration for its flagship Midnight aircraft."
Archer Aviation's next investor meeting is scheduled for the Raymond James 45th Annual Institutional Investor Conference in Orlando, FL, on March 12, 2024.
In at this MACRO support, We will see if we can get a pump to the top of the trading range, 5.55 area target LVN.
An Elliott Wave and Falling Wedge Pattern Analysis on ACHR StockWe’ve identified a potential Falling Wedge pattern forming on the ACHR chart. This pattern is often seen as a bullish reversal pattern, indicating a possible shift from a downtrend to an uptrend. Additionally, we are currently in the 4th wave of the Elliott Wave cycle, which is typically a retracement wave, with a 5th wave incoming.
Pattern Details
The Falling Wedge pattern consists of two converging trendlines, both slanted downwards, with the lower trendline steeper than the upper one. The price consolidates and moves within these trendlines towards the apex, before breaking out upward.
Elliott Wave Analysis
According to the Elliott Wave Theory, market trends move in a series of five waves. We believe that we are currently in the 4th wave, which is typically a retracement or consolidation wave after the strong 3rd wave. This aligns with the formation of the Falling Wedge pattern. The 5th wave, which is expected to be an upward move, could be on the horizon.
Trading Strategy
If the Falling Wedge pattern and the Elliott Wave analysis hold true, traders could consider going long upon the breakout of the upper trendline of the wedge. The target could be calculated as the height of the wedge added to the breakout point.
Thanks for reading!
Let me know what you think in the comments!