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Flying Cars Are Here. Here's How I'm Trading the Hype.
SkyDrive's Tokyo flight is a massive signal for the eVTOL sector. But I'm not buying the story—I'm trading the charts. Here are my key levels.

So here's what nobody is talking about with that SkyDrive flying car demo in Tokyo. Everyone's seeing the headlines and thinking, 'Wow, the future is here.' I see that news and I think, 'Okay, where's the volume? Where's the setup?' Because narratives move markets, but price pays the bills. This isn't about picking the one company that will win the race in 2035; it's about finding the best swing trading strategies that work on the volatility this news creates *today*. I quit my marketing gig in 2019 to trade full-time, and if there's one thing I've learned, it's that you trade the chart in front of you, not the promise of a flying taxi in a decade.
My screen is lit up with tickers in the electric vertical takeoff and landing (eVTOL) space. I'm not an engineer. I couldn't tell you which battery technology is superior. Frankly, I don't care. That's a job for analysts like Sarah Chen who dig into the fundamentals. My edge is pure price action and volume. I go where the setup is. And right now, the charts for a few key players are screaming for attention.
- JOBY (Joby Aviation): The big one. High volume, lots of chatter. It's liquid enough to get in and out clean.
- ACHR (Archer Aviation): Another major player, often moves in sympathy with JOBY but with its own distinct patterns.
- ARKX (ARK Space Exploration & Innovation ETF): My way to play the whole sector without single-stock blowup risk. It holds a basket of these names.
I've had these on my primary monitor all week, just watching how they react to the broader market and now this sector-specific news. Price is memory, and these charts are building a story.
Let's get into the weeds with JOBY. This thing has been in a nasty downtrend for months, but look closer at the daily chart. We're seeing what looks like a potential bottoming process. The stock put in a low around $4.50 and has since been building a base. This is classic support and resistance trading 101.
The critical level for me is the resistance zone between $5.20 and $5.35. We've tested it multiple times and failed. But notice the volume on the recent pushes. It's been gradually increasing on up-days, which tells me accumulation might be happening. A clean break and hold above $5.35 on heavy volume would be my trigger to go long. My first target would be the gap fill up to $6.10. That's a textbook breakout retest setup. You wait for the confirmation, you don't try to front-run it. That's how you get chopped up.
Some traders might see this as a purely speculative bet on a money-losing company. Alex Volkov would probably frame this as a long-term play on disruptive innovation. Me? I see a range. I see a potential breakout. I see a defined risk-reward. It's that simple. Price is all you need.
No trade is a sure thing. Ever. My trading journal is filled with painful reminders of that. So here's the plan for JOBY, with risk management baked in.
- Entry Trigger: A 4-hour candle close above $5.35.
- Stop Loss: A hard stop placed just below the recent swing low, around $4.75. This gives the trade room to breathe but protects my capital.
- Profit Target 1: Take half off at $6.10 to lock in gains.
- Profit Target 2: Let the rest ride with a trailing stop to see if we can get a bigger squeeze towards $7.00.
This setup gives me a risk/reward ratio of roughly 2.9:1 on the first target. I don't take trades with less than a 2:1 R/R. Period. The thesis is invalidated if we break down and close below the major support at $4.50. If that happens, I'm out, no questions asked. The biggest challenge for me, personally, will be avoiding the urge to revenge trade if I get stopped out on a nasty fakeout. It's my Achilles' heel, and I write it on my whiteboard every morning as a reminder.
Forget who builds the best flying car. The real money is made trading the volatility and the narrative shifts on the way there.
Ultimately, the SkyDrive news is just a catalyst. It brings eyeballs and volume to a beaten-down sector. That's the perfect environment for a technical trader. The story is the bait; the price action is the truth. So, my question isn't about the technology itself. It's about the market's psychology. Are we seeing the first signs of accumulation in a sector that's been left for dead, or is this just another dead-cat bounce in a long-term bear market for speculative tech?
