Joby Aviation continues to fall, my key levels of support here

💡 DMK Insight

Joby Aviation’s 3% dip ahead of earnings is a red flag for traders: With earnings just two weeks away, this downward trend could signal investor anxiety about the company’s performance. Historically, stocks often experience volatility as earnings reports approach, especially if there are concerns about revenue or guidance. If JOBY fails to meet market expectations, we could see a sharper sell-off, particularly if it breaks below recent support levels. Traders should watch for any shifts in volume or sentiment as we approach the earnings date, as these can provide clues about potential price action. On the flip side, if JOBY surprises to the upside, it could lead to a rapid recovery, especially if it breaks resistance levels established in the past month. Keep an eye on the broader market context too; if tech stocks are under pressure, JOBY might face additional headwinds regardless of its earnings results. Watch for key levels around the $5 mark, as a breach could trigger further selling pressure, while a bounce could signal a buying opportunity for those looking to capitalize on volatility.