Has HYLN finally finished its bear market?
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 direction and will be the hardest to break. This could take many months to happen. I predict the truckers will be a hard to demographic to grow interest in electric vehicles. Therefore I think that upward price movements are far more dependent on legislation pushing companies that are resistant into the EV space.
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