Short
US Stock In Play: $HYLN (Hyliion Holdings Corp)
HYLN has broken down below its 200DMA for the first time since its IPO in May 2020. The breakdown is accompanied with high volume of selling from $21 downwards to $18 last week. At the current junction, HYLN is also a classical Bearish Head and Shoulder pattern, pending a further breakdown at its major support level of $17.65 level.The breakdown of this Head and Shoulder Pattern will see further accelerating selling towards $13 gap support window.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.