EH, up trend and Elliot Waves

Updated
EH

Hi guys, so this is my first analysis, so take it with a grain of salt.

Not discussing fundamentals, but EH seems a solid company with already some sales and also with some barriers removed (flying licences).
In the UAM / eVTOL space I do think that it's the company with the best condition right now to e a long term hold.

Having said that, we can see that EH already enjoyed some nice gains, and we can also see a clear uptrend.
Until this channel is broken, I don't see any signs of it ending right now. As such I've applied some Elliot Wave to see if I can find a good point to buy more stock.

It already had a full Elliot Wave that started in January, a good ABC correction and I believe that it is going on another run until the top of the channel, or beyond, who knows. But that's beside the point. After this wave I'm expecting a nice pullback to give us a good window to buy more.

So if all is like the same wave, I'm expecting a buy window (green rectangle) around the 110 - 124 range.

Bear in mind that these conclusions are with the current info. If EH has positive/negative news, this is not valid anymore.

This is not financial advice and I own EH Stock.

Good luck. Leave a thumbs up if you liked this analysis.

Note
Looking a bit better at this and I think that a better target would be 98-120. Still pretty undefined as we need the wave to complete.
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