Some fib and RSI work here and I think HYLN's anchoring long range fib will be the 1:0.618 @ $4 and I've drawn short range fibs to estimate the overshoot down to $3.
In that area RSI will likely be somewhere around its ATL of 27, maybe it will be an RSI fakeout to dip slightly below.
I'll be selling leap puts in that area to take advantage of high implied volatility causing overinflated option prices. I may also buy the underlying stock and who knows maybe some calls later on once IV backs down.
So for the few that follow my EV calls - its going to be a 1:0.618 for HYLN and a 1:1 for XL and they will bounce in tandem as they are related charts.
Not advice.
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Forgot to update some of these - but I now think HYLN most likely will hit the 1.1 and XL 1.618. I'll be covering more volatile names when i get time, but ANYHOW A 1:1 with overshoot for HYLN will take it sub $2.