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.
From one of these fibs a BIG bounce is coming I think.
RSI already recording lowest reading ever.
Not advice.
Comment:
HYLN moving with the rest of EV and most of the market having a very strong bounce and now back above 1:0.618 is one to watch for the bounce. If it gets above $4.6 could have a real bounce but I dont think it will be the bottom with both NDX and TSLA cliff walking.
Comment:
As you can see that little earnings pump really did nothing and the bearish march continues. $1.78 it is.
Comment:
Also notice RSI never made it above the centre band = bearish.
Comment:
Moving exactly as predicted. Next stop $1.78 at which point I may consider selling a few LEAP puts or buying the stock as the 1:1 should provide a reasonable bounce i think.
Comment:
On target - won't be too long now.
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