$ACHR for me is in a strict ABC pull back now and I really like the confluence level here between the 200 Day MA and the 0.618 Fib at $5.80
All Wave 2 pull backs we give a target of the 0.618 Fib to hold for support so this is standard and when it is reinforced with the 200 Day MA, a combination of both makes this a confluence level.
Once this level is tested, we must see support, losing a confluence level like this will certainly show weakness
Holding and I will add to my position again.
Regular_Joe
2025-03-11 13:16:36 +0000 UTC