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$Archer Aviation (ACHR.US)$ if you look at microstrategies l...

$Archer Aviation (ACHR.US)$ if you look at microstrategies leveraged ETF and there's two of them it makes no difference what you look at this chart is identical to microstrategy which became a momentum play straight up just like this stock and you see what happened when microstrategy stock broke and the subsequent days of training that's what you're going to see with this company so if you want to see the future look at one of the leverage ETFs for microstrategy. and it makes no difference what industry the company is in because patterns repeat themselves Time after Time.
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  • 72571364 : what? did you just compare Achr to MSTR. you must be insane 😂

  • 10baggerbamm OP 72571364 : as I said the chart patterns are following the same and it makes no difference when a company goes parabolic and it gets over bought it sells off and that first bounce is not the recovery but a transition to a lower level so I'll excuse the fact that you don't know what you're two new to investing to understand what I was referring to.
    look at the first chart you see the momentum do you see when it broke now look at your beloved stock that's down 24% do you see any similar pattern. when you are so far above the moving average you're going to get consolidation and when this chart pattern is done it's going to be even closer to what you see with microstrategy so maybe you should learn something grasshopper.

  • 72571364 10baggerbamm OP : your comparing apples to orange. Achr is nothing like Mstr

  • 10baggerbamm OP 72571364 : you're too wet behind the ears to understand what's happening you don't need companies in the same industry to see same chart patterns you need experience which is something that you don't have

  • ceoram : Where did you mark the next bounce? Is it on the HVM for that retrace?

  • TWIMO (151403908) : Would you have a few minutes to explain the meaning of “momentum play” please? I wish to grasp the concept…🙏

37+ yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker. R/Everythingstocks
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