At this time #HYLN just received CA CARB compliance in conjuction with NYSE:CMI #CMI Cummins Natural Gas engine and HYLN Electrified Powertrain enabling up to 75 miles of pure electric transportation. Outside of mandatory port of LA for example the software can switch over to Hybrid platform. Allowing the Cummins motor to work as a generator to provide...
Comparing to Companies Like Plug And Daimler Trucking I just don't see hyliion trending up anytime soon.
2.7 or lower for NYSE:HYLN
$27/$25 Target For NASDAQ:PLUG
It got a bit exciting in EV for a minute or two and HYLN had a flurry upward, but just to show you in terms of trend really nothing has happened and that shooting star through the green upper median line is bearish, shows another leg down coming.
Who know where the bottom is really, I have fib targets but just like train stops the train can just keep on going...
I had thought HYLN would bottom around the 1:0.618 but it already appears that it will continue on with following this weekly close. Its a bit early to say but the next fib group looks on the cards for a long range 1:1 fib target @ $1.78! 😮
From one of these fibs a BIG bounce is coming I think.
RSI already recording lowest reading ever.
Not advice.
I think one of the most important things in trading is to realize what stage of the market cycle you are in. I got in on HYLN at $20 and I got out at $53. A friend of mine shamed me for "pannick selling" so I bought back in and got out again finally at $43. The 3 descending lines are simply projections. The middle line, the thick red dotted line, is the most...
Some fib and RSI work here and I think HYLN's anchoring long range fib will be the 1:0.618 @ $4 and I've drawn short range fibs to estimate the overshoot down to $3.
In that area RSI will likely be somewhere around its ATL of 27, maybe it will be an RSI fakeout to dip slightly below.
I'll be selling leap puts in that area to take advantage of high implied...
Hyliion Hldg Corp Cl A (HYLN)
$HYLN Really believe in this company’s technology and 2022 should be a big year.
Based on 4 Wall Street analysts offering 12 month price targets for Hyliion Holdings in the last 3 months. The average price target is $7.83 with a high forecast of $12.00 and a low forecast of $4.50. The average price target represents a 32.26% change...
After passing along below the convergence point (where the 3 angled lines meet), testing the sub-$8 level 3 times finally fell momentarily below the $7 mark. In a simple view, this means that the floor has been broken and capitulation has occurred. We have now passed through 2 of the 3 converging lines. The remaining line represents the strongest psychological...
HYLN broke downtrend resistance and holding well above support. Also, large dynamic support at $7.91. If continues uptrend, HYLN first target is $9.26 which is in line with the 200 MA on 4 hour. - HH
This is the point where you buy and watch for April 2022 close above 14 to confirm. Falling wedge, increased buying, and some type of wyckoff accumulation.
Hyliion Holdings Corp produces electric powertrain systems for commercial vehicles. The company focuses on reducing the carbon intensity and greenhouse gas emissions of the transportation sector by providing electrified powertrain solutions for vehicles at the lowest total cost.
In its latest report the company expects 2021 to be a pivotal year with first...
In this for the long run. Don't think we will see any huge moves until end of the year.
Just bought more shares and brought cost average down to $8.82, purchased at $8.15.
Grabbed some monthly calls to see if this can secure support and gain buying volume.
My personal notes and not trade advice
Larger descending traingle. Bullish rip up above trend line resiatnce smaller descending triangle forming here support at 8.66. Could be setting up. Bullish news coming out on new trucks should start getting revenue from them soon and a lot of deals ! Price is so cheap for this company that I feel is doing big things !
