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.
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.
Penafian
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