Aug. 18 at 8:09 PM
$ACHR Handle check. Sitting at 6.29, right on the 8 EMA at 6.26, after the pullback off 7.29. Is the handle at risk? Testing, not failing.
Price hanging on the 8 EMA is the first real support test. What keeps it healthy: volume is drying up on this pullback, 28M vs the 40 to 50M surge days. Light volume down means profit taking and weak hands leaving, not institutions dumping. That's normal handle behavior, not distribution.
The cooling is real though. Back under the 200 at 6.65 after the 7.29 rejection, SCTR dropped to 37, stochastics rolling over. Short term momentum fading.
Levels: hold the 8 EMA at 6.26 and the handle's intact. Below it, the gap around 5.85 and then the 5.69 half cup line are the deeper tests. A CLOSE below the 8 EMA that can't reclaim is the warning. Still upper half of the cup, still in handle territory.
Watching the 8 EMA hold on light volume.
