$ACHR got its FAA approval yesterday which means it is officially regarded as a transport company, this is the same approval that airlines need to get to transport passengers.
This is a big step and the reacted well to this news and also up another +7% in the PM now too.
This is a stock I have been watching in the background for the last year and while it was in its ABC correction so I just monitored it
We may be seeing signs of a reversal here now.
The 50 Day MA is exactly on the 0.618 Fib at $3.86, flipping this level to support is a big statement....this could be starting Wave 3 now.
I need to see more first but I will watch this closely.
ok
2024-11-11 09:23:32 +0000 UTC