rawflcopter
Short

HE8 Short position

ASX:HE8   HELIOS ENERGY LTD
B grade set up
-stochastic bearish divergence (purple lines)
-high volatility ATR, major price flucuations 11c-13c (yellow circle)
-minor support at 11c - if broken may test ~8c support

-set up lacks bearish candlestick confirming reversal, unknown catalyst
Comment: bearish engulfing candlestick. high volume. reversal signal
Hi there - interesting analysis. looks like you're across the TA here... but what do you think about the oil price and drilling they have done? the fundamentals are very positive...

I'm guessing you think it's running out of steam? or do you think traders will start to lock in profits?
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