Personally, I don't think so. There was a pop a few days ago when Trump said he was going to promote an eVTOL pilot training program. IMO, price is just sliding after the news in an uncertain market atmosphere. Markets are up, yet there is structural weakness there just as there is structural weakness in JOBY and many other stocks. Filling in the 8.33 to 8.57 gap would not be a bad thing if it does (daily chart). Would like to see 8.20ish hold strong if there is an overshoot below 8.33. If daily volume falls below about 15.5 to 12million daily shares trading, then weakness in price until next substantive news has increasing odds. Momentum and trend indicators show potential for some retracement in price as well. Yesterdays closing candlestick also suggested downward potential. Need to see close today and Friday before drawing any stronger conclusions. All IMO only. Long term, still very bullish.
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