HYLN broke downtrend resistance and holding well above support. Also, large dynamic support at $7.91. If continues uptrend, HYLN first target is $9.26 which is in line with the 200 MA on 4 hour. - HH
EN: Hyliion Holdings Corp. (HYLN) is a SPAC that develops and sells electrified powertrain solutions for the commercial transportation industry, such as Class 8 trucks. On October 1, 2020, it completed its merger with Tortoise
Acquisition Corp (SNPR) producing approximately US$ 520M of net profits to finance growth plans and long-term goals that we believe...
With RSI30 (oversold), 100D moving average at 27.50, 20 weeks moving average at 28.40 and the support level at 27.90 + Elliott wave that us we still miss wave 5. Thus I think this is golden opportunity to buy.
$SHLL is one of a few spacs - $FVAC the other - that I am fundamentally bullish on and want to own. I like the go-to-market strategy, I like the comparison to $CMI, I like the potential speculation on ticker change come September to boost its visibility. Part speculation, part fundamental; long $SHLL below $20.
$SHLL bull flag finding some buying after gap fill....
