Joby Aviation going for a 80% dump?

26 Eki 2024

Following the successful “short” of eVTOL manufacturer Lilium (idea below - read for deep dive), we’re now going to target another. This time, Joby Aviation.

The principles behind this idea are the same as was with Lilium, mixture of fundamentals and technical analysis.

A lot of the criticism from my own quarter comes from the promises that certification is just around the corner. It has been 11 years now, and still no certification.

Don’t listen to what the say.
Pay attention to what they do.

As the money runs out the business now looks to collect $200 million from investors:

“Joby Aviation Stock Drops After Pricing Public Offering of 40M Shares”

source:
businesswire.com/news/home/20241024899106/en/Joby-Aviation-Inc.-Announces-Pricing-of-Public-Offering-of-Common-Stock



The chart -
On the above 2 week chart price action has been printing lower highs for the last year. Since then there is broken market structure with uptrend channel support failure.

The uptrend flag continuation pattern projects a 80% correction. On confirmation, such flag patterns meet the target 77% of the time. This would take price action to the 1.60 area.

On RSI, a breakout of support is also visible.

Is it possible price action grows? Sure.
Is it probable? No.

Ww

Go short from current price action.


Lilium short

29 Kas 2024

İşlem aktif

Insiders jump ship as price action rallies to resistance.
Trade now active.

“Joby Aviation Insider Sold Shares Worth $643,150, According to a Recent SEC Filing”

sec.gov/Archives/edgar/data/1819848/000181984824000481/xslF345X05/wk-form4_1732309946.xml


week resistance

4 Ara 2024

Not

2 day Gravestone DOJI print at resistance with high negative divergence.

14 Oca

Not

15 day chart below tells you all you need to know as another eVTOL business prepares for a crash landing.