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Narsty_Boy
Jul 11, 2021 5:17 AM

Bear market nearing end? Not out of woods yet. Long

Hyliion Holdings Corp.NYSE

Description

As you can see the hi-lighted yellow blob marks the intersection of the 3 descending trend lines. This looks very bearish to me in the short term. If the turquoise line doesn't hold, it could be heading to the $5 range to hopefully bottom out. If it does, I think it will start to turn around by mid December 2021. At that point I'll load up on a few hundred shares to ride the bull market and to eventually sell puts. That is of course, as long as the market at large doesn't fall into depression.
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