Sep. 29 at 3:00 PM
**
$EVTL – Daily Chart (9/29/25)**
**Price:**
$5.31 (−2.39%)
🔍 **Key Observations**
• Still in long-term downtrend capped by descending trendline.
• Rejected at
$5.8–6.0 resistance, bearish structure intact.
• Trading below 50EMA (
$5.84) & 200EMA (
$8.26) = sellers in control.
📍 **Levels**
Support:
$4.70,
$4.40,
$2.81,
$2.76
Resistance:
$5.84,
$8.26,
$9.09,
$11.30
📊 **Volume & Trend**
• Rallies on muted volume = weak conviction.
• Descending channel still dominant.
• Bulls need breakout >
$6 to shift bias.
✅ **Trading Plan**
Bullish: Break >
$5.85 → PTs
$8.25 /
$9.1 /
$11.3. SL <
$4.40.
Bearish: Fail
$5.8 & lose
$4.7 → PTs
$4.4 /
$2.8. SL >
$6.0.
📌 **Summary**
$EVTL consolidates under resistance inside a bearish channel. Break >
$6 needed for upside shift, else risk continues toward
$4.4 and sub-
$3.