HYLN looking bullishHYLN is currently in a flat bottom formation. Once it breaks out of that I would expect it to enter a bullish trend and rise until the $27.86 resistance.
- It found support on the EMA20, signalling the end of the downtrend
- MACD is in positive territory
- Daily RSI is rising steadily and just above 50, still far from overbought territory
- Weekly RSI looks close to turning positive
- There's a gap waiting to be filled at $23.64
I'm still quite new to trading and keen to learn, so any constructive critique is more than welcome.
Thanks and good luck!
Hyln
Upward trend for Hyliion Holding (HYLN)Fundamental Analysis
1. Industry: Hybrid and electric powertrains for trucks ++
2. Price: Very Cheap
3. Upward potential: 50-100%
4. Risk-Reward Ratio: 1:50
Technical Analysis
1. Volume is growing
2. Support of the MA30
3. Boilinger Percentage: 38% (high short-term potential)
4. Short-term target: 25
5. Long term target: 30-60
HYLN VALUE BUYREPOST DUE TO TRADINGVIEW DELETING POST FROM POSTING TWITTER
Simple trade. Major accumulation low has magnetized price back for a retest. Expecting at a minimum a small move here to ~24 to both fill gap liquidity and also retest the prior range distrubution that brought price to our current lows.
Low time frame structure proving bullish as a result of a retest of the gain of support.
Trade is invalidated and wrong with a close below ~15.30
US Stock In Play: $HYLN (Hyliion Holdings Corp)$HYLN has broken down below its 200DMA for the first time since its IPO in May 2020. The breakdown is accompanied with high volume of selling from $21 downwards to $18 last week. At the current junction, $HYLN is also a classical Bearish Head and Shoulder pattern, pending a further breakdown at its major support level of $17.65 level.
The breakdown of this Head and Shoulder Pattern will see further accelerating selling towards $13 gap support window.
HYLN Long 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 a real world, practical solution to one of the biggest challenges facing the world - EV Semi trucks.
I’m looking at the end of Aug 3 to Aug 13 2020 of the consolidation phase after the initial pop. I see the Bollinger Bands squeezing which led to the outbreak up to the high 50’s, and I see something similar forming at the moment. Also looking at the Doji that was present before the initial run, that we also saw about 2 weeks ago (October 28 2020). The last time we saw the price break the 20 day MA on the Bollinger Bands was also during that initial run, which we also broke this last week. MACD also gave us confirmation for a buy signal shortly after the Doji on Oct 28 as well.
IF we can break 28, I think there is a good chance we will see the 40’s very quickly based off the volume shelf. I don’t see historically very much volume in between 28 to 40, which leads me to believe we have a good chance of pumping.
HYLN back to ATH ? 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!!!
TSLA Bullish?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 well tomorrow.
Possible targets $442 then $460s
Stoploss would be $415
See image below for ER data.
prntscr.com
HYLN Current Trend: All Gaps Accounted ForThis 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.
V shape bounce incoming?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.
HYLN bell ring tmr, strong bullish uptrend expected.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
$SHLL Bull Flag - Hold Your Nose & Buy Shares$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. Nice place to go long on this generally low volume selloff. Looks for breakout above channel resistance for definitive long around $20 currently. Beware of channel rejections/fakeouts, as always follow volume & price action. Happy to buy $SHLL now and later. A great stock to sell puts on as well if you are longer term like I am. Jan 2021 $15p give you a cost just above $10/share which values $SHLL at $1.5B. 30% premium for 6 months? Please and thank you!