Apr. 17 at 9:35 PM
$ACHR Trying to pop out the top of the upper Bollinger on the 1-yr daily chart; stalled two days in a row. This happens to ALSO be the 50MA (
$6.25).
Price remains >8EMA (
$5.80), which is rising. Next week it could pull back towards the 8EMA to base before a more definitive push through the 50MA. Having the 50MA become SUP, and turn back to the 200MA, would be very productive.
Wm%R is overbought and dipped back below the 20, while RSI is >50 midline, the first time since coming off oversold at
$4.80. MACD is heading back to 0.0, which is positive. FullSTO is overbought and turning. MFI is decidedly positive, while ADV/Decline is countertrend:
Expect some sideways "churn" between
$5.80 and
$6.20 over the next few sessions. If it can hold the
$6.00 level during this pause, it sets up a much stronger technical case for a run toward the
$7.00–
$8.00 range.
