dorfmanmaster

Heico Corp - Fibonacci retracement analysis

Long
NYSE:HEI   HEICO CORP
HEI has been on a steady uptrend since late May 2019.

On September 9th, It dropped 20%+ aggressively in 3 days. To land on the 61.8% fibonacci retracement line. (Pullback?)

It is currently breaking the 50% level with above average volume . (Bull!)



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* Be careful with the FOMC meeting in 24 hours. (Wednesday September 18th at 2pm EDT ). It will most likely move the markets.

Comments

There is resistance at $133.7, which coincidently is the 38.2% fibonacci retracement level (Bear)
Reply
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