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
Note
We are close to our support levelNote
broke the predicted support level. is this sustainable?
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Related publications
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.