Archer Aviation (ACHR) Faces Continued Pressure – Key Support Levels.
Archer Aviation (NYSE: ACHR) continues to face downward pressure, extending its decline after closing last week with a loss of over 18%.
As of the time of writing, the stock is down an additional 4.6%, trading around the $10.78 mark.
From a technical perspective, the $9.70 zone appears to be the next significant support level.
Should the stock reach this point, I intend to begin accumulating shares using a dollar-cost averaging (DCA) strategy.
It’s important to note that a break below this level remains possible, given that the eVTOL (electric Vertical Takeoff and Landing) industry is still in its early stages of adoption and remains highly speculative.
Caution and a long-term perspective are essential when approaching investments in emerging sectors like this.
I look forward to connecting with you.
Please, like, share, comment and follow me here
Archer Aviation (NYSE: ACHR) continues to face downward pressure, extending its decline after closing last week with a loss of over 18%.
As of the time of writing, the stock is down an additional 4.6%, trading around the $10.78 mark.
From a technical perspective, the $9.70 zone appears to be the next significant support level.
Should the stock reach this point, I intend to begin accumulating shares using a dollar-cost averaging (DCA) strategy.
It’s important to note that a break below this level remains possible, given that the eVTOL (electric Vertical Takeoff and Landing) industry is still in its early stages of adoption and remains highly speculative.
Caution and a long-term perspective are essential when approaching investments in emerging sectors like this.
I look forward to connecting with you.
Please, like, share, comment and follow me here
Nota
We are close to our support levelNota
broke the predicted support level. is this sustainable?Nota
$9.7 entry activated
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.