My next long hold is HYLN. I was lucky enough to get in on a cost basis of $22/share. I loved HYLN when it was $50’s back when it was still known as SHLL. I’m not quite sure of the reason why there was such a big sell off - I do know that post-merger, SHLL did not have the 180 day lock out period that most SPACs have. I personally believe that HYLN is providing...
HYLN found the bottom around $18 made a push and hit resistance at $24.90. I can see a pull back down to my .618 at $20.72 and a bounce to retest that resistance. Break and hold above 25.30 it will push to 27. 3-5 years we could see this stock go to new highs This company has the ability to revolutionize the trucking industry!!!
see charts at www.tradingview.com According to Elon, Tesla Still Believes It's Possible For Co To Reach 500K Deliveries Previously Predicted This could be a huge milestone for them. Chart pattern looks like it wants to breakout too. However, TSLA is extremely expensive to play, i personally would play SPAQ or Nio for a sector run if tsla continues to move very...
This is a follow up from my last chart... HYLN is currently on a quest to fill all open Gaps on its chart. Short-term price movement will be going down to the $24-$25 region. Once the gap is closed it will be clear skies for HYLN and will have the opportunity for upward price momentum. I'm seeing mid-30's by mid-November. Not a recommendation or advice.
This is not a recommendation or advice.
With RSI30 (oversold), 100D moving average at 27.50, 20 weeks moving average at 28.40 and the support level at 27.90 + Elliott wave that us we still miss wave 5. Thus I think this is golden opportunity to buy.
After having lost 50% in 6 trading days, HYLN finds itself coming up to candle support + volume support while having an oversold 4 hour RSI and outside of the daily Bollinger Band. I like this as a potential support play bounce coupled with the fact of the size of the drop for a potential big bounce.
I got some calls before close. We could potentially see 1 more red day if so i will sell my calls and buy puts instead. But this will bounce one of these days!
HYLN/SHLL at critical support, Fixed range POC at $39.50 level, and CCI level shows oversold. I expect to see a nice bounce-back b/t tomorrow. Especially, with HYLN ringing bell tmr, there's no reason for further pullbacks tomorrow. PT: $49.58, POC in the fixed range in September. SL: $37.02
$SHLL is one of a few spacs - $FVAC the other - that I am fundamentally bullish on and want to own. I like the go-to-market strategy, I like the comparison to $CMI, I like the potential speculation on ticker change come September to boost its visibility. Part speculation, part fundamental; long $SHLL below $20. $SHLL bull flag finding some buying after gap fill....