What is up everybody? What do you guys think of the new thumbnail huh? I thought it was about time to upgrade. Beanie might be an unprofessional look. The channel's growing a little bit just want to put out a good uh good effort. Let me know if you like in the comment section, welcome to trey's trades, where we get technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks.

I like the preface by saying that i am not a financial advisor nor expert and the reason that i started this channel is because a couple years back, i was about 30 000 deep and some pretty bad medical debt, and i was very fortunate to have some Close family friends and mentors that pushed me to work really hard and invest my money, and i am now happy to say that i am financially free and living pretty well off at the age of 23. So if i could pass along any of the information resources or tools that were given to me, make the community a little bit better off than it was before, that's all i can ask for. Lastly, if you wouldn't mind dropping a like on the video, it really does help support the channel and consider subscribing if you'd like to see more content like this. As i do post videos every day, quick, quick shout out to the guys over the patreon, armando s, ryan, omar karthik pedro valentino - got a couple more people joined today.

I really do appreciate your support. It means the world to me and they will have access to the private discord, as well as real-time insight to my trading uh and investments. So today we're gon na be giving an update on ticker symbol, hyln highly on holdings corporation. I covered this video a while back in the channel, and i got a couple of heated comments.

Saying: hey man, you shouldn't be telling people to buy this stock because you're going to lose people money and all it's going to do is go down, and you know i understand where you're coming from right, because if we look back on the stock historically speaking for A long time it's uh nothing but downward downward momentum downward pressure, a lot of bearish movement right. I understand that it seems risky, but there is some things on the charts that look very promising and i do have a good feeling about the stock coming up. It is seeing a very solid green day today, up about 10 right now in the regular market hours and there's a couple of different things on the analysis in the charts that i'm really liking. That i want to point out to you guys so we're going to cover the overall volume that we're seeing on the stock we're going to talk about the volume adjusted moving average, what that means, the the ema, the exponential moving average.

This is the 200-day ema we're going to talk about the rsi. We're going to talk about a couple different important points in the one month chart that i really like and then we're going to cover the one day, one minute chart for traders or uh swing traders that you know they are swing. Traders that are looking to get in and out very quick, so just a quick overview on what uh what this company is. I do have their website pulled up and i will leave a link to this in the description box.

They are an electrified powertrain solution for the global commercial transportation market. Hylion produces electrified, powertrain systems that can augment or fully replace traditional diesel or natural gas fueled powertrains. Its systems are designed to improve performance and lower total cost of ownership, while leveraging the existing alternative fuel infrastructure. These things look pretty sleek man, that's uh, that's nice! I wouldn't mind seeing those driving down the road.

You can't honestly even tell that they're not uh, not diesel trucks, they look pretty nice. We've got the hyper truck erx, the hybrid electric, which does explore diesel as well as clean energy. So it's very interesting you know i can. I can see how this would have a market, especially as we do uh branch out.

You know different uh different companies like fuel cell or plug power. These these companies are going to really help out highly on, and i do think a large reason why hylion is seeing a very large uh bump today is because plug powered has recently received a 1.5 billion dollar investment into their company by a south korean company. That is really digging what plug power is laying down. So i think the entire clean energy sector - you know this um, i think solo is doing really well today.

I know that fuel cells up like 20 25 right now. You know all these clean energy. You know uh and companies in the clean energy sector are pumping right now, and i do see that continuing into 2021, i do think clean energy is going to be a great sector to get into and highly on is not excluded from that and there's a couple Of different uh nice technical analysis, things that we can get into they're going to help justify the case here. So i do have labeled some levels of support.

Right now we do have 1537 with two different contact points. This does seem like a very solid fallback point. If we do reach that currently trading at 17.80, so this level right here of previous resistance, is now going to be an acting level of support. We do have one two, three uh, four or five different contact points right here.

You know it did act as a level of support at one point: uh acted as level of support at one point with a false breakout and then resistance. You know pushed right through. It looks really nice really clean and then current acting level of resistance. We're looking at on the on the one month chart is 1869 with one two three four, you know five different contact points and then down the road we are gon na, have twenty dollars and twenty four cents as the next level to watch, and if this does Bump up over twenty dollars, i think uh, you know twenty five thirty dollars is going to be the next thing that we're looking at on highly on holdings corporation, it's uh, it's looking pretty solid, i'm not minding the way that things are looking right now.

The rsi indicator the relative strength index. Anything over 70 is overbought. Anything under 30 is oversold and we are currently in overbought territory, which is to be expected when you're up 10 on the day right and if we look historically at the trend on what happens when the stock is overbought, you can see that it usually corrects to About 45, we did see 33 for a while. It doesn't seem too harsh too steep on the corrections when they are overbought.

So it's looking pretty decent right, so i would expect maybe a slight pullback when uh when this does start to settle down. Some of the hype starts to drop, but the momentum is looking really solid. Now, uh the volume adjusted moving average and the ema the 200 period ema. What these are is the volume adjusted moving average takes into consideration the overall volume that is being pumped into a stock, and it creates a trend.

Uh valuation cost based on a 20-day moving period. We have that at 1680 and the 200 day ema, the exponential moving average is an average valuation cost of the 200-day price action on the stock and uh. You can see that right here with this light, blue line of the dark blue line and the light blue line is the volume adjusted moving average and there's a really crucial point right here. That is an extremely bullish indicator to me, and i want to point that out to you - and that is this - when the volume adjusted moving average is crossed over on the ema, the 200-day ema, that is an extremely bullish indicator and typically a sign that a stock Has just shifted momentum into the sign of the side of the bulls right, and i would expect this stock to continue to run for quite some time right we're seeing a little bit of a pullback right now, but in the long term and a macroscopic view right.

This is a very bullish sign to me that this stock is going to pop off. You know when i was looking at jag x. We saw that exact same thing happen with this crossover on the volume adjusted moving average to the ema uh when it was at 50 cents and if you got in when it was at 50 cents and wrote it until the volume adjusted moving average. You know uh hop back down, uh you'd, still you'd still be riding it right now, right, we're currently sitting at two dollars at 30 cents same thing with bngo right.

The ngo had the same thing happen at 50 cents, and i pointed this out in a prior video um and if you would have got in at 50 cents when this line first crossed over the ema, you would be sitting pretty nice when uh, when it rolled Up to about seven dollars right um, this is an indicator to me. This is a sign that good things are coming, so i just wanted to point that out. You know this is a pretty basic structure that we're seeing right here, a bullish indicator. We do see an inverse head and shoulders, so this is the head.

These are the shoulders, so you have to flip it around and uh. You know: that's that's a bullish indicator that there's a reversal in coming. We did drop off a little bit after that, but this does seem to be the reversal that we were looking for and a possible uh turnaround into bullish momentum and bullish favor. So i'm liking the price action there.

You know the volume's, not even that crazy right now we're seeing a little spike in volume. You know a little bit abnormal, but nothing out of the ordinary, no huge buying um, no huge, no huge selling. It is pretty atypical right or typical, as i was um. So i do think if we get a little more volume pumped into this, the volatility should start shooting up on on hyleon, because we really haven't seen anything crazy.

Yet, with the with volume comes volatility and volatility drives higher price valuations, and i think once we get some more people into the stock, more volatility, we should crush this 1869 pretty easily, and this 2024 should come next without without much trouble right. I would anticipate that we can do that anywhere between the next one to two weeks as long as the clean energy sector does continue to run the way that it has um. You know today and yesterday and the day before, right, plug power, fuel cell, clean energy, highly on solo. All these all these companies kneel they're, killing it right now, and that is because of uh.

You know this. This super huge um, clean energy and ev sector hype. That's been, that's been built up, so i i think this is going to continue to do well. This does seem like a pretty solid stock to hold at least for the midterm um.

I don't currently have a position in this. I would be completely transparent. Show you my account quick. I do have a position: ap xt pngo fuel cell jagex, lee and mvis, and with jag x and pngo.

As my current swing trades, i will show you how i'm sitting in these right now uh i bought into mbis a little bit a little bit too early. I should have waited for it to drop a little bit, but it is correcting very nice on the day and i just want to be transparent. That way. You guys know that i don't have any bias on hylion, but it does seem like a solid stock to get into, and i would i would tell you if i didn't think it was uh, but it is looking really nice.

This does seem very bullish and the biggest bullish indicator to me is this: crossover on the volume adjusted moving average over the 200 period ema. So i do think there are good things to come. I do think we're going to see a trend reversal and uh. It should continue its bullish run.

We've seen today in the last two days now, if you're looking at this on the one day, one minute chart i'm just going to label off some levels of support, real quick. We do have right here at 1681, a pretty solid level of support and even better. I like this. We had a little bit of consolidation at the 1689 price range uh.

You could argue between these price zones is a pretty solid, buy zone. You know 1689 to 1704 and then currently resistance is sitting right. Around 1825 um, followed by you, know another support level right around here at uh 1780. We'll call that 1783 right on the the v8ma personally, if you're looking to get into a day or swing trade on the stock, i would not short it.

You'd be you'd, be trading against the momentum and against the trend, so that is very risky. If you are going to do that, i would keep it very, very small, write it down just a little bit, take profits and make sure you have a stop loss set, but uh the better way to to swing this or day trade. This would be to get in at one of these support levels. If you do see it drop back down to 1704.

That does seem like a pretty solid entry point um anywhere between this, this price zone, where that we've seen a decent amount of action right. That seems like a pretty solid buying point: um 1681, even better, so keep these on your radar. If you are looking for a day or swing trade, you could very easily ride it back up to the 1784. This 1825 and honestly, you might be able to swing this a little bit higher than that.

I wouldn't be surprised if you can swing it all the way up to 2024, just based on the momentum and the extreme bullish trend that we're seeing right now on the charts and the price action. So it's looking very good uh. The volume adjusted moving average is trading above the 200 period, ema in the daily charts as well, and that is a very bullish indicator to me. If we go back here, you can see in the pre market or suppose it would have been the after hours that we do have this crossover, and that is a very bullish indicator.

So if you had gotten in right, when you saw that happen at 1634, you would be up. You know about a buck 50 on your investment right at this given moment. So i'm telling you guys that is a huge indicator and i pay very close attention to that crossover anytime. That that va ma is above the 200 ema.

That is huge, bullish movement uh. You could have gotten into to be ngo for 50 cents and wrote it up to seven freaking dollars if you had done that, and that is absolutely insane. So i just wanted to point that out to you, since you are aware, use it as a tool going forward, as it is a great thing to know on the charts. So that is what i have for the update today on hylion.

I wanted to give you guys a little bit of insight as to why we're seeing this uh this pretty solid spike on highly on and all clean energy. You know companies as of late. It is because of that huge 1.5 billion dollar investment that we saw into plug power. That is a huge affirmation to some pretty skeptical traders on whether or not clean energy is going to be a sector that is sustainable for the future, and it does seem to be uh that way right.

It does seem to be that we're going to continue this bullish run. We've seen in these in these companies and highly on is no exception. So that's what i have today. If you enjoyed the video, please drop a like.

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So that's what i have for the video today, my friends. I will see you all next time and peace.