First I wanna address the post I made earlier today, it was rushed because I was executing day trades and getting into HYLN as well.
As for HYLN,
It is moving based on news. Essentially, the news is in relation to a patented battery they just revealed, and its kind of a big deal. Apparently this battery re-charges extremely fast and out performs the competition by miles.
This may create outstanding partnership opportunities and sales opportunities for HYLN. Anyways, it may, not shall.
So what is happening now?
I ave confidence in the support levels at $15. They are outstanding and I think December 14, 2020 to yesterday prove that to us.
I will also admit that I am already in this position and I am already in the green. So it is easy for me to say this, but perhaps hard for others to get into the position because of the risk of following in too late.
The first target outlined is based on a gap fill and in my opinion should be reached, on the basis of simple chart pattern and price behaviour, the gaps get filled...
I don't know where along the targets we may stall.
I was watching stocks live when I started to notice my position in HYLN turn from red to green. Then I saw a lot of volume and I scrambled to find news... I realised about 27 minutes after the news broke and started adding to my position right away. I really regret that I didnt go for the Call options expiring tommorow, because I had the chance but chickened out.
Im going to consider trimming the positions slowely as we go up unless volume and price keeps moving consistently to the upside. Then I will hold.
Some people who had shorted this stock will scramble to buy shares in order to cover their position, which will move the price up. Other investors will be jumping aboard as well and its going to hopefully create a nice opportunity.
Let's hope this does not do what AYRO did to us!
Very speculative trade! yout gota know what your doing, I may not play this if it gaps up tommorow and I was not already in it.
As for HYLN,
It is moving based on news. Essentially, the news is in relation to a patented battery they just revealed, and its kind of a big deal. Apparently this battery re-charges extremely fast and out performs the competition by miles.
This may create outstanding partnership opportunities and sales opportunities for HYLN. Anyways, it may, not shall.
So what is happening now?
I ave confidence in the support levels at $15. They are outstanding and I think December 14, 2020 to yesterday prove that to us.
I will also admit that I am already in this position and I am already in the green. So it is easy for me to say this, but perhaps hard for others to get into the position because of the risk of following in too late.
The first target outlined is based on a gap fill and in my opinion should be reached, on the basis of simple chart pattern and price behaviour, the gaps get filled...
I don't know where along the targets we may stall.
I was watching stocks live when I started to notice my position in HYLN turn from red to green. Then I saw a lot of volume and I scrambled to find news... I realised about 27 minutes after the news broke and started adding to my position right away. I really regret that I didnt go for the Call options expiring tommorow, because I had the chance but chickened out.
Im going to consider trimming the positions slowely as we go up unless volume and price keeps moving consistently to the upside. Then I will hold.
Some people who had shorted this stock will scramble to buy shares in order to cover their position, which will move the price up. Other investors will be jumping aboard as well and its going to hopefully create a nice opportunity.
Let's hope this does not do what AYRO did to us!
Very speculative trade! yout gota know what your doing, I may not play this if it gaps up tommorow and I was not already in it.