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Hylnbull

Signs of being near to the end of the bear cycle.I think one of the most important things in trading is to realize what stage of the market cycle you are in. I got in on HYLN at $20 and I got out at $53. A friend of mine shamed me for "pannick selling" so I bought back in and got out again finally at $43. The 3 descending lines are simply projections. The middle line, the thick red dotted line, is the most significant in this chart. It shows that the Bear trend is becoming exhausted. The merger cycle was simply a hype cycle, now it will begin to reflect the fundamentals of the company. If I had a few thousand dollars to invest, I would start dollar-cost averaging in on a weekly basis now. *not financial advice* Not a swing trade, but a medium to long term investment strategy for this one. I'm thinking at least 3-5 years but it could take anywhere from 5-10 years longer. If there is ever legislation restricting the semi truck industry in any state then hype will return to this stock for another massive bubble. Once the price crosses over the yellow line, or if there is state legislation passed, I would look to declare the bear cycle finished and look to taking more risky option trades.
NYSE:HYLNLong
by Narsty_Boy
1