Nov. 15 at 9:32 AM
$ACHR is currently trading at
$7.88, significantly below its 30-day moving average (MA30) of
$10.86 and 50-day moving average (MA50) of
$10.27, indicating a bearish trend. The RSI at 19.11 suggests that the stock is heavily oversold, which may indicate a potential reversal or bounce in the near term. The recent high of
$14.62 and low of
$7.20 over the past 60 days further illustrates the volatility and potential for a price recovery.
Suggested trade plan:
- Entry:
$8.00 (slightly above the last close to confirm upward momentum)
- Stop:
$7.50 (below recent support to limit losses)
- Target 1:
$10.00 (first resistance level near MA50)
- Target 2:
$10.50 (psychological resistance level)
Monitor for signs of reversal and volume increase to confirm the trade.
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