ACHR – 50 SMA Bounce with Sympathy Momentum from JOBY

– 50 SMA Pullback + Options Play Into Support
Archer Aviation () is showing signs of life right at the 50 SMA, and with competitor ripping to new highs today on news, this could be the sympathy setup traders are looking for.

🔹 Technical Setup

After a strong run, has pulled back in an orderly fashion, now resting on the 50-day moving average — a key support zone.

The stock is sitting on clean support, showing signs of stabilization.

🔹 Sector Tailwind from

is breaking out today on headlines — and often moves in sympathy.

If momentum spills over, this could be the launchpad for to retest prior highs.

🔹 My Trade Plan:
1️⃣ Position: Buying the August 1st $11 calls around the $0.90 area.
2️⃣ Reasoning: Strong reward-to-risk if bounces from here.
3️⃣ Trigger: Watching for a reclaim of the short-term EMAs and increased volume as confirmation.

Why I Like This Setup:

50 SMA bounce + sympathy play = great combo.

Options are cheap, offering leverage without heavy risk.

If this breaks out again, it could move fast — this name has range.

kunal00

📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com

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kunal00

📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com

Also on: