8 Days resistance @4.95. Doesn't seem to want to "break thru" on decreasing low volume.
Not really what you want to see. Maybe tomorrow?
A/D indicator was up today....but still maintains it's "moderate upside channel".
This indicator will signal HEK price direction.
If HEK breaks through 4.95 resistance....more resistance @4.15.
Of course massive multi month resistance @4.40-4.50. Through here and you are looking at bullish multi month price move.
From what I see....general trading in HEK is "not doing the job". More than likely HEK will need the massive "short covering" everyone is waiting for to propel this stock. So far the "shorts" are holding their position with confidence.
Hello Zar, well, it broke resistance with fair but not great volume but it broke and still 11 or so days til earnings. Now, will it hold around here, continue, or drop off again if the market holds here as well. I do see S&P going to 1610 will hek's move be commensurate ? GL
Indicatiors WM% & Slo STO have broken their 1 month downtrends.
This suggests HEK price will break it's 1 month downtrend from recent 4.40.
The longer the downtrend break the stronger the price reaction so 1 month is very short term analysis.
Nevertheless....this analysis added to previous post suggests to me HEK will again challenge it's major 4.40-4.50 resistance in this present price uptrend.
Yes....it broke 3.95 resistance! That wasn't hard. ALSO....just broke through (11:50AM) mid Bollinger Band resistance (4.00). IMPORTANT because BB resistance "capped it" mid April @4.15 resistance.
Indicators look positive with lots of "upside room" before reaching "overbought".
Upcoming MACD "positive cross" would add good confirmation of strength.
Would be positive to see volume pick up though.
Next challange 4.15. IMO HEK presently looks very positive.
I think it can get through 4.15.
Another upcoming 4.40-4.50 challange is what I would expect.
CORRECTION opening sentence and 1st sentence paragraph 3.....Why do I do this?
"8 Days resistance @4.95"..............of course I meant resistance @3.95 in both cases....last 8 days of resistance....