tsx_trader

Betting on HYLN on long basis

NYSE:HYLN   Hyliion Holdings Corp.
Okay,

first, I will admit, the first time I posted this idea, it did not work out well. I went in on call options, and left the next few days, lost only $80.

The chart pattern shows a head and shoulders, which typically forecasts a share price is going down rather than up.

At the same time, HYLN took a beating for a while, and the MACD and RSI are showing signs that we may finally see an uptrend.

I am looking at buying call options for late January 2021:

Make your position such, that you can take profits at the green lines outlined and make your trade free.
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