$HEI Analysis
Market Narrative: HEI is showing early signs of potential reversal after recent downtrend, with price action consolidating above key support. While oversold conditions persist, increasing volume and positive momentum divergence suggest accumulation phase may be forming.
š” Technical Breakdown:
The oversold RSI (33.89) combined with converging MACD lines suggests selling pressure may be exhausting. Price is trading within the lower Bollinger Band range with significant band width (50.04%), indicating potential for volatile move. Strong ADX reading of 60.7 confirms current trend strength.
šÆ Key Levels & Setup:
Immediate resistance at $0.3680 needs to clear for upside continuation. Current price ($0.3523) sits above pivot ($0.3366), with major support zone at $0.3209. Volume spike (3.19x ratio) suggests institutional interest, though liquidity remains thin.
ā” Trade Setup:
- Entry Zone: $0.3523-$0.3680
- Targets: $0.3837 (R2), $0.4290
- Stop Loss: Below $0.3209 (S1)
- Risk/Reward: 2.5:1 at first target
ā ļø Risk Notes:
Low liquidity (81.70%) warrants caution with position sizing. Consider scaling in rather than full position entry. Overall risk rating 3/10 suggests moderate trade opportunity with proper risk management
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