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Archer Aviation Inc
Company Overview: Archer Aviation Inc. (NYSE: ACHR) is an aerospace company. The Company is engaged in designing and developing electric vertical take-off 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.
As per our previous US Daily report published on ‘ACHR’ on 09th September 2024, Kalkine provided an ‘Speculative Buy’ stance on the stock at USD 3.28 based on “price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis” and the stock price has now moved by ~24.08% since then and has attained resistance 1 and resistance 2.
Noted below are the details of support and resistance levels provided in our previous report:
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