$ACHR continues to knock on the door of this descending wedge to breakout but has not made the move yet
A hold on the outside and making a higher high above $7.50 will do it and there is a move up to the 50 Day MA next at $8
A break above this level and the blue line at $9.73 is the next target.
Institutions may be looking at this as a future play, we know $ACHR is the leader in this sector for flying taxis and have an enormous back order.
For this reason, I have exposure and happy to hold.
Matthew Laracy
2025-04-22 11:08:23 +0000 UTC