HYLN, weekly slowly turning bullish

٥ يوليو ٢٠٢١

Hyliion recently joined the Russell 3000 and Russell 2000 indexes. Technically: this Weekly candle got clearly rejected by the white downtrend line last week. Squeezing within the small dotted uptrend channel. If HYLN manage to breakout upwards next week, then n the way up it will get rejected by several downtrend lines - blue, orange and green -. If no substantial news, around September it should be back slowly crawling back up towards 0.236 Fib. level, when also the earnings come out.

HYLN also makes a bull flag on the daily.