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.
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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.
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As you can see that little earnings pump really did nothing and the bearish march continues. $1.78 it is.
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Also notice RSI never made it above the centre band = bearish.
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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.
any updates on your feelings towards HYLN. seems like it could go higher if it can get above 3.33
dRends35
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@goldenroad00000001, Yes I update regularly on charts like these also with video and any other charts you want really. From time to time I post to the free lunch communities as I have done here. I'll probably update this one soon 🖒.
blueboy356886
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Pump %18 today
dRends35
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@blueboy356886, Yes but do you think that proves the bottom is in?