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ACIC

ACIC Engulfing Price Spike, Long Uptrend Insurance ACIC on the daily chart looks like a solid swing trade until at least the next earnings. The last trading session had a hugh 10-15% move with a corresponding spike in buying volume. The earnings report is about a month away. I will drill down to a 120 minute time frame and look for bottom pivots from which to accumulate a position for the pre-earnings run up. It is an insurance stock, a conservative financial services play which from the chart looks safe with a good possibility of some gains in the upcoming month. Yeah if you look at the chart carefully you will notice that ACIC did 8X in 2023.
NASDAQ:ACICLong
by AwesomeAvani
2
ACIC Archer Merge?Atlas Crest Investment Corp. (NYSE: ACIC) is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses. We are sponsored by an affiliate of Moelis & Company, a leading global financial advisor to corporate executives, boards, entrepreneurs, financial sponsors and governments. Our management team is led by Ken Moelis, our Chairman, and Michael Spellacy, our Chief Executive Officer, both of whom have had careers centered around identifying, evaluating and implementing organic and inorganic transformational growth and value creation initiatives across a broad range of industries. Atlas Crest priced its $500 million initial public offering on October 27, 2020. Merger: Archer Archer’s mission is to advance the benefits of sustainable air mobility. With headquarters in Palo Alto, California, Archer is creating the world’s first electric airline that moves people throughout cities in a quick, safe, sustainable, and cost-effective manner. As the world’s only vertically integrated airline company, Archer is designing, manufacturing, and operating a fully electric vertical takeoff and landing aircraft that can carry four passengers for 60 miles at speeds of up to 150 mph while producing minimal noise. Archer's world-class team is focused on vertically integrating key enabling technologies including aircraft design, electric powertrain, and flight control software to revolutionize air travel. What more can I say? Like, Follow, Agree, Disagree! What do you think?
ALong
by Redimere_91