$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.
The breakdown of this Head and Shoulder Pattern will see further accelerating selling towards $13 gap support window.