ACHR a penny personal air transport startup LONGACHR is a speculative penny stock with big momentum this past week for a continuation trade.
The chart is a basic 2 hour chart upside 20% to all time high no revenue burning cash but
improving on putting out the fire. No competition in its intended market. $5.00 strike calls for
March monthly for $75 look good. Once upon a time, I had a fellow ER doc who commuted to
work all the time by helicopter. Cost him some money but it added 10 hours a week onto his
life. He tells me this will be huge in time when the costs and economy of scale kick in. He
believe him 1000%. Buy, buy and then buy some more ( so long as you have your risk
management figured out. ).
Archer Aviation Inc. (NYSE: ACHR), an urban air mobility company, engages in designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc. Archer Aviation Inc. was incorporated in 2018 and is headquartered in San Jose, California.
Archer’s goal is to transform urban travel, replacing 60-90 minute commutes by car, with estimated 10-20 minute electric air taxi flights that are safe, sustainable, low noise and cost competitive with ground transportation. With a range of up to 100 miles, Archer’s Midnight is a piloted, four passenger aircraft designed to perform rapid back-to-back flights with minimal charge time in between flights.
"Archer Aviation Inc. (NYSE: ACHR) Company Shareholder Snapshot"
Shareholders can expect long term growth and appreciation that is expected from the enormous cash position, experienced management team, and dual revenue streams.
The Company
Raised $1 Bln. of Capital
Went public in 2021 on NYSE
Key Investors: United Airlines, Jeep, Peugeot, Fiat, Maserati, Jet.com, and Moelis group
Key Company Highlights
Industry leading engineering team
COO and Chief Engineer have each previously built 7 eVTOL aircraft
VP of Tesla 100 person powertrain team
Targeting commencement of operations in 2025
"Archer Aviation Aircraft 2 Unique Revenue Streams for Explosive Growth"
The company has two explosive revenue growth strategies that have the potential for long term shareholder growth year after year.
Archer Air - Aerial Ride Sharing
Archers core business
Initially targeting 50% of revenue mix
Grow 70% to 80% of revenue mix over long term
Targeting 40%+ GM
Archer Direct - Aircraft OEM
Can provide meaningful upfront cashflows & revenue diversity
Targeting 50% of revenue mix
Transitioning to 30% over the long term
Targeting 50%+ GM
"Archer Aviation Aircraft Overview Electric Vertical Take-Off And Landing"
Performance
Range: Up to 100 miles, optimized for 20 to 50 mile rapid back-to-back trips with minimal charge time.
Speed: Up to 150MPH
Payload: Industry leading 1,000lbs, pilot + 4 passengers
Advantages
Safety: Will be certified at levels similar to todays commercial airliners
Noise: 100X quieter than a helicopter
Cost: Approximately 1/3 the cost to manufactured and to operate than a traditional helicopter
"Urban Congestion Is Not Sustainable - Archer (ACHR) Solves Issue"
In 2018, 55% of the world's population lived in urban areas according to the United Nations, a proportion that they project to increase to 68% by 2050
Traffic congestion cost the US economy nearly $87Bln. in 2018.
Vast majority of trips in urban areas are less than 50 miles long, but take more than an hour.
Major cities across the world have a similar dynamic, especially trips from airport to city center.
Lyft
Lyft's Earnings Error Sends Stock Soaring, But Reality BitesLyft ( NASDAQ:LYFT ) sent shockwaves through the trading floor with a monumental error in its earnings forecast, triggering a rollercoaster ride for investors. The company's stock skyrocketed an impressive 16% in premarket trading, only to reveal a stark correction that left analysts and traders alike reeling.
The drama unfolded when Lyft ( NASDAQ:LYFT ) initially reported a jaw-dropping 500 basis point expansion in its adjusted earnings margin for 2024. The market erupted with enthusiasm, propelling Lyft's ( NASDAQ:LYFT ) shares to stratospheric heights, with an over 60% surge in extended trading. However, the euphoria was short-lived as reality dealt a harsh blow – the correct figure stood at a mere 50 basis points, a fraction of the initially announced increase.
Chief Financial Officer Erin Brewer's admission of the error during the earnings call punctured the bubble of optimism that had enveloped investors. Yet, despite the correction, Lyft ( NASDAQ:LYFT ) managed to retain a significant portion of its gains, a testament to the underlying strength of its performance.
Behind the scenes, Lyft's financials tell a compelling story of resilience and growth. The company defied expectations by swinging from a staggering $416.5 million loss to a remarkable $222.4 million profit in full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). This turnaround underscores Lyft's ability to navigate challenges and capitalize on opportunities in an ever-evolving market landscape.
Analysts at TD Cowen echoed this sentiment, highlighting Lyft's fourth-quarter revenue beat driven by robust gross bookings. Additionally, Lyft's EBITDA guidance surpassed expectations, further bolstering investor confidence. In response, TD Cowen raised their target price on the stock, reflecting a bullish outlook on Lyft's future prospects.
Despite the turbulence caused by the forecasting error, Lyft's performance remains a beacon of strength in the competitive ride-hailing industry. The company's ability to adapt and innovate in the face of adversity cements its position as a formidable player in the market.
Looking ahead, investors will undoubtedly scrutinize Lyft's future earnings releases with heightened scrutiny, mindful of the potential for discrepancies. However, amidst the volatility lies an opportunity for those willing to ride the waves of uncertainty, betting on Lyft's continued resilience and growth trajectory.
UBER rising after VWAP bounce LONGUBER on a 30 minute time frame chart crossed over an anchored VWAP about January 25 and
topped January 30th then retested the slowly rising mean anchored VWAP in a double bottom
fashion on the following day. The relative strength indicator is in the 65-75 range and the zero
lag MACD cycling mostly above the horizontal zero level. I see UBER as suitably setup for
a swing trade long when it is near to the bottom of the support trendline in the ascending
megaphone pattern.
Can UBER breakthrough its all time high?UBER on the weekly chart has been touching the all time high
( set nearly two years ago ) since mid-December. The relative buying volume has had some
spikes. the MACD suggests a line cross above the histogram and so some bearish tendencies.
If UBER can get over its all-time high and retest it from above another leg higher seems to be a
very likely scenario as buyers jump into the action chasing the price. This will be especially true
if the general market gets some good trending up. This goes on the watch list with an alert for
a new all-time high.
Lyft if survives the recession.NASDAQ:LYFT
Looks like Lyft at -2.2PE and 3.32 market cap is really undervalued.
If this company survives the upcoming recession, then it is going to return massive gains.
Huge gaps, it follows technicals and imagining the future of self driving cars around 2026, this stock looks very attractive.(only if they embrace.)
DCA is best option, leaps are also best option if the premium is cheap.
LYFT in a bearish channel.LYFT Inc - 30d expiry - We look to Sell at 11.99 (stop at 12.91)
Trading within a Bearish Channel formation.
The sequence for trading is lower lows and highs.
The primary trend remains bearish.
Preferred trade is to sell into rallies.
The trend of lower highs is located at 12.00.
Our profit targets will be 9.81 and 9.41
Resistance: 11.53 / 12.00 / 12.45
Support: 10.75 / 10.30 / 9.72
Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
$UBER - Rising Trend Channel [MID-TERM]🔹Rectangle formation produced a POSITIVE signal at the break through resistance at 29.76.
🔹The target price of 38.72 has been achieved, but the formation continues to indicate a consistent direction.
🔹In case of a NEGATIVE reaction, support at approximately 43.50.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
◦ DT: Double Top | BEARISH | 🔴
◦ DB: Double Bottom | BULLISH | 🟢
◦ HNS: Head & Shoulder | BEARISH | 🔴
◦ REC: Rectangle | 🔵
◦ iHNS: inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Paypal - Going Long In a Bear Market?Paypal is an antiquated business model. The problem is, the Federal Reserve just launched FedNow, which is like a bank-to-bank Central Bank Digital Currency.
Most CBDCs will come in the future, and they will target retail/consumers, and Paypal will no longer be useful for transferring money.
In Canada, where I am, Paypal is already primarily worthless, because the company that handles debit card payments, Interac, set up, many, many years ago, a service that allows us to send money to each other from our banks via email.
Both people and businesses use it extensively. It's fast, easy, instant, and free, so why bother with Paypal?
CBDCs are a problem for humanity, because they are the collar, leash, and chains that enable Party West's implementation of their favourite role model, the Chinese Communist Party, who deployed full scale social credit under the guise of "Zero COVID."
The CCP and its 24-year persecution against the Falun Dafa spiritual believers launched by former Chairman Jiang Zemin on July 20, 1999, are something absolutely essential for mankind to reject, oppose, and eliminate.
They aren't things for you to rack your brains thinking about importing so that stimmies can be collected from a central authority.
If you want a future, we need to return to mankind's traditions, human, divinely imparted tradition and culture, and dispose of the garbage that is Marxism, atheism, the Theory of Evolution, and the doctrine of struggle.
The fact that Paypal is being replaced by CBDCs is awful evident on monthly candles, which give you absolutely no reason to believe there's going to be any kind of Meta/Tesla/NVDIA-style reversal of fortune.
But what's really notable about this stock, which I have criticized extensively on Twitter as not being a long, is the weekly bars, since April, actually indicate a long trade scalp is set up.
That scalp setup has not been present for even one second, until today's post market earnings dump back to $68.
The thesis is simple.
Since Paypal has filled ALL of the gap, and over a long period of time, it indicates for lower prices to come, some objectives over previous highs are most likely in order.
The most premium level for this to occur would be the January high at $88.
But a failure swing somewhere over $84 would also be a heck of a trade.
Where to long? Tomorrow's dump may be too early. The most perfect would be $65, under the flat bottom lows. But you may or may not get it.
The problem is, how long does it take Paypal to mark up into the $80s?
We don't have that much time to play with the JPM collar being long 4,200 SPX puts expiring September 29.
And the markets are looking like they intend perhaps one more upswing before doom, which I cover here:
SPX - The Sound of a Shattering Iceberg
In any event, markets correcting violently and VIX pushing highs hard may put a painful and abrupt end to rallies across all classes.
But it seems we may have a rally ahead.
And with all the factors combining, buying Paypal between Thursday and Friday in a price range between $68 and $65 is a trade.
If it doesn't go up, then the trade isn't confirmed. But you might have to wait at least a month to see if that comes true.
What you don't want to and can't see is the $58 low taken out.
When Paypal is done taking out short sellers who didn't take profit at $58 and want to ride to zero, I believe the next target is the $45 level.
And then this thing goes the way of Bed Bath and Beyond and Blockbuster.
Be careful. What lies ahead in the remainder of 2023 will be hard to navigate.
And 2024 might be an entirely unpleasant experience for all.
UBER Bullish Pennants for ContinuationUBER on the 15-minute chart this week has printed a small bullish pennant pattern
then continued into another larger print of the same pattern. The Price Volume
Trend Oscillator went red to green as the initiation of this trend over the past
two days. Trading volumes have pushed prices and are in the range of double the
moving average. The zero-lag MACD indicator shows a pattern of bullish
momentum in the mornings followed by fades at lunch and afternoons.
I believe that this 5-6% trend up has another 1-2 days to go before a profit-taking
session to close out the trading week.
$LYFT getting ready to $LFFT offBullish divergence on the annual time frame, that spans across a 2 year period.
Stochastic indicating the market is over sold on the annual time frame and that bulls are re entering the market.
RSI indicating market exhaustion to the downside and bulls returning to the market,
LYFT market dominance in the self driving/ ride sharing app is growing. Also with the expansion of self driving, company expense will drop and profits will rise.
LYFT SWING TRADE IDEAAfter news came out about their new initiative to give people on the way to a job interview a free ride, my eyes have been on LYFT. I immediately took note of their fundamentals.. whew! In its history, its only missed earnings twice! In my opinion, LYFT has longevity potential!
With earnings coming up next Thursday, I love the position this stock is sitting in right now! It has come to meet a major supply zone and the primary trend line, around 17.45. A break and retest of this zone and I will look to take it up towards 20.50. If we reject this supply zone and trend line, I will look to take it down towards 13.85
Might be forming wave B ending this diagonalI'm feeling like we are ending a diagonal wave and the latest wave formation is a flat (3,3,5). Thus I'm seeing if something like this could play out but we'll see what happens. So pop up to finish wave B, then 5 fractals down.
Thoughts, anyone?
*Not financial advice, just my ideas.
Lyft Being Accumulated?At a commenter's request: Lyft has some interesting patterns. It's currently in a bearish channel established at its inception. Given the state of the economy, I wonder if someone isn't accumulating it while they wait for things to "get back to normal." Drag it down, get it cheap, then wait for it come roaring back.
LYFT continuing a BreakoutLYFT beat earnings by 4X this past week and so brokeout.
On the cloud indicator, the conversion line has diverged above
the baseline.
LYFT could be watched for breakout continuation.
The Awesome Oscillator and VWAP Oscillators validate the breakout,
Added to watchlist for Monday, Aug 8th
Plan to check UBER. NASDAQ:LYFT
Lyft: You Gotta Know When to Fold'EmBear Market for Lyft started on November 26, 2021. How do I know? I simply look at the chart. If you heed my advice and exited at that time, you would have lost 50% less than if you exited today.
Trust the charts!
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How to understand price action.
It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand.
You can also think of these indicators as moving pivot points .
MasterChartsTrading Price Action Indicators show good price levels to enter or exit a trade.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long (buying).
For commodities and Forex, when your trading instrument closes below the Red line, we think about Shorting (selling).
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts ). A stock has to close below the Yellow line first, then rally towards the Red line and top out there. This is where I would short it.






















