Hyliion Medium Term Possible Target

"Hyliion Holdings Corp. designs, develops, and sells electrified powertrain solutions for the commercial transportation industry. It provides battery management systems for hybrid and fully electric vehicle applications. The company was founded in 2018 and is based in Cedar Park, Texas", CI

From the TA, stand point there is a gap around $22 that has to be filled, and somehow aligns with the analyst targets.

From the fundamentals perspective, it seems more of a bet, they claim they have the most efficient trucks in the market, compared to Tesla for example.

It's not yet profitable, and faces lots of competition, but their competitive advantage does not seems impossible to be offset by their competitors. Still the market for power efficient vehicles seems to be trending and growing, I believe there is a place for Hyliion.

When the industry for electric vehicles consolidates, perhaps Hyliion could be one of those companies that gets acquired by their bigger competitors, or rise to the stars by itself. Its a 2.6 billion market cap company with negative cash flows, and lots to prove, that is why it's more of a long term bet.

We'll see.

Just an opinion.

What do you think about Hyliion?

Cheers!

הערה:

Uff, lots of resistance around $17.64, for the moment the price is still in a tight range. Patience.

הערה:

Price is trying to breakout it needs to surpass $19 to get out of the range.

הערה:

there is some sort of inverted head and shoulders. We'll see

הערה:

nice breakout, it needs to keep going. That range acts as a magnet, the farther away the better.

הערה:

Fake breakout. Needs to break with more volume.

הערה:

Analyst targets lowered to $19.67 on average. Lots of FUD going on with this one.
Still, the news are just traps, and tight ranges are difficult to break. Personally I still believe is a good bet. So we'll see.

הערה:

Found support for thew third time

הערה:

support confirmation

הערה:

Filled the gap at $22.16.