The Long Investor
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$ACHR - WATCHLIST -
🕑 Added 2025-03-13 12:03:19 +0000 UTC$ACHR bounced strong yesterday and finished up nearly +10%
We can see on the chart that there is a very clear 3 wave pull back......which is a common sight on many charts right now....but most importantly, price also found support on the 0.618 Fib at $6.54 and bounced.
We know that the 0.618 Fib is the standard support level for an ABC pull back, so this is a good sign that a reversal can come next
We are also in a descending wedge too....another bullish signal.
A break out and holding above the 0.5 Fib at $7.68 and I would expect a move higher to the blue line at $9.73 and beyond.
My $18 PT is still in play.
