Alder77
Oct 11, 7:45 AM
$FLYX FLYX closed at
$1.35 on Oct. 9, rebounding from the
$1.17–
$1.22 area. Price is recovering, but the next resistance zone will be the real test.
📊 KEY LEVELS
• Support:
$1.20–
$1.22
• Key support:
$1.17
• First resistance:
$1.36–
$1.38
• Breakout zone:
$1.40–
$1.45
🟢 BULL CASE
A decisive break above
$1.38–
$1.40 with stronger volume could confirm improving momentum and open the way toward
$1.45.
🔴 BEAR CASE
Failure near resistance could send price back toward
$1.22. A break below
$1.17 would weaken the recovery setup.
✈️ FUNDAMENTAL ANGLE
flyExclusive reported record Q2 revenue and its third consecutive quarter of positive adjusted EBITDA.
⚠️ THE CATCH
Shares outstanding have increased 39.7% year over year, according to StockAnalysis. Revenue growth matters, but shareholders also need to watch dilution and the balance sheet.
My take: improving operations, but the chart still needs confirmation. I’ll be watching the
$1.38–
$1.40 breakout zone and volume.
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