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Been trading Heico for a few week here before earnings. Being that their biggest customer is Boeing and they are announcing potential halting of production. My personal opinion on Heico is looking Bearish
AJG, EIX, ALL, APD, CI, CVS, HEI, HRL, HSY, KMB, MKC, TSN
13 TD Countdown Exhaustion. In a very supportive area. Close to the 0.618 retracement level from the multi year rally begun in 2011. Stochastics showing positive divergence forming. Bottom forming similar to 2008/09 GFC. Targets 68 / 79 Stops 51.00
HEI looks like a good setup as it broke through the downtrend and it was a nice bounce on the 50MA as well.. Might look to enter this tonight