interesting the caution expressed around the recent volume spikes and subsequent selling.
then the next stock PPL shows similar spikes in July 2020, followed by sustained growth over 2021.
TA really only goes so far, before you have to consider the fundamental drivers.
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there has no doubt been some sizeable holders who have 10 bagged or more and left the register and a considerable number of traders happy with a bag, or fraction of, who have come and gone with the volatility adding to the volume both up and down.
the real test is now where investors see value.
Archer is in a unique situation where that value is difficult to measure, but it looks like a base has been established north of $1.50… as time and the technological progress advances it’ll be really interesting to see where that takes the valuation.
it’s a bumpy ride to a billion $$ company, but that’s where I reckon this is heading.
AXE Price at posting:
$1.75 Sentiment: Buy Disclosure: Held
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