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New Horizon Aircraft Ltd.New Horizon Aircraft Ltd.New Horizon Aircraft Ltd.

New Horizon Aircraft Ltd.

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HOVR trade ideas

HOVR Heading For New Horizons?! Cup & Handle Set-UpLets break down NASDAQ:HOVR on the Daily Chart! Price from Mid-Sept to Early-Dec outlined the "Bowl" of the Cup and on Dec. 11th, Price made the Retracement to the Golden Ratio Zone to start the "Handle"! Today we have Price printing a STRONG Bullish Candle Breaking the Confirmation of the Cup & Handle Pattern @ .8799! Fundamentally, NASDAQ:HOVR secured a $8.4 Million investment from an "unnamed investor" to help with the advancement of the Hybrid Electric Vertical Take-off Aircraft, the Cavorite X7. -https://www.tradingview.com/news/mtnewswires.com:20241220:A3286797:0/ *In order for the Pattern to be Validated, WAIT for Price to Close above Confirmation @ .8799, then we will expect Price to come back down to Retest the Break @ ( .8900 - .8799 ), THEN the Pattern is Validated and we can look for Buying Opportunities!! Indicators: -RSI Above 50 -BBTrend Printing Green Bars -Bullish Volume Building
NASDAQ:HOVRLong
by Novi_Fibonacci
7
HOVR - another "flying taxi" company - 8.4m investment achievedew Horizon Aircraft Ltd is an aerospace Original Equipment Manufacturer that is designing and aiming to build a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, Floods and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter. Float: 15.813M Short % of Float: 4.34% Flying taxis have the potential to revolutionize urban mobility by reducing traffic congestion, cutting travel times, and providing sustainable, efficient transportation. The industry is rapidly growing, attracting major investments from big players, signaling a promising future for this innovative solution. Sympathy Plays: ACHR, JOBY, and EH have already seen significant run-ups, making them prominent in the sector. HOVR, however, could represent a delayed opportunity within this group, potentially offering upside as the broader flying taxi industry gains momentum. Recent News: Dec 20, 2024 Horizon Aircraft Has Received An Investment Of $8.4M From A Strategic Investor And Aerospace Supporter - Deepens Investor's Dedication to Horizon Aircraft Supporting Continued Operations and Development ~ TORONTO, Dec. 20, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), a leading hybrid electric Vertical TakeOff and Landing ("eVTOL") aircraft developer, announced today it has received an investment from a strategic investor (the "Investor") and aerospace supporter, for aggregate proceeds of $8.4 million (the "Investment"). The strategic financing will fortify Horizon Aircraft's balance sheet, provide stability in the operations, governance and regulatory priorities, and fund further development and flight testing of its hybrid eVTOL, the Cavorite X7. Overall Market Sentiment: It’s always crucial to consider overall market sentiment when making trading decisions. Trading Strategy: Entry: At recent price around $0.80 Breakout Zone: $1.10 - 1.30 Resistance Zones: $2.00 - 2.30 $2.80 $3.20 - 3.30 Surpassing these levels could signal a positive trend. Consider taking profits at these levels to realize gains. Risk/Money Management Take Profit (TP): Set the final target at $5.00 Stop Loss (SL): Set at under $0.40 to mitigate potential losses. Chart Analysis: Please refer to the attached chart for detailed analysis of price trends and movements. Trading Advisory: Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities. Disclaimer: This content is for informational purposes only and should not be considered financial advice.
NASDAQ:HOVRLong
by meitshels_smell_trades
HOVR: Trading Sub-$1 NASDAQ Stocks (Fight Delisting Risk)Objective: Profit from the volatility and potential rebounds of stocks priced below $1, often referred to as "penny stocks," while managing delisting risk. Delisting Pressure Stocks trading below $1 for extended periods risk NASDAQ delisting. Companies often act to boost stock price through: Positive news announcements. Mergers, buybacks, or reverse stock splits. Even small price moves (e.g., $0.20-$0.30) can result in significant percentage gains. Liquidity Stick to sub-$1 stocks with sufficient volume (at least 1M shares/day) to avoid illiquid trades. Diversify Spread risk by trading multiple setups instead of concentrating capital in one position. Applying the Strategy to HOVR Situation: HOVR is trading below $1 on NASDAQ. Company faces potential delisting pressure but shows technical signs of a rebound. Entry: Entered using a buy stop order around $0.48 Stop Loss: Set at $0.30 to limit downside risk. Take Profit: Target $1 or higher, psychological resistance. This strategy capitalizes on the technical and fundamental nuances of sub-$1 stocks while adhering to disciplined risk management.
NASDAQ:HOVRLong
by MESHANL