Archer Aviation Inc ACHR.WS

Primary Symbol: ACHR

Archer Aviation Inc. is an aerospace company. The Company is engaged in designing and developing electric vertical takeoff and landing (eVTOL) aircraft for use in urban air mobility (UAM) networks. The Company’s eVTOL aircraft are designed to be safe, sustainable, and quiet. Its production aircraft, Midnight, is designed around its proprietary 12-tilt-6 aircraft configuration. Midnight is designed to carry four passengers plus a pilot optimized for back-to-back short distance trips of around 20-miles, with minimal charging time between trips. It intends to operate two complementary lines of business: a direct-to-consumer aerial ride share service (Archer UAM) and the sale of its aircraft to other operators (Archer Direct). Midnight is the evolution of its demonstrator eVTOL aircraft, Maker, which through its flight test program has helped validate its proprietary 12-tilt-6 aircraft configuration and certain key enabling technologies.

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Archer Aviation Inc

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Post by ProfitOrbit35on Nov 27, 2024 3:33pm

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Golden Cross Incoming—Bullish Setup?

Looks like $ACHR is heading for a golden cross soon—50MA creeping up to cross the 200MA. Historically, that’s a big bullish signal. Combine that with strong volume lately, and this could be a rocket. Anyone else eyeing a breakout above $8? Tight stop-losses for risk management though—don’t get caught if it fakes out.Also keeping an eye on $BOLT; hearing chatter it might take off soon.

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How one company is disrupting PoC testing