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Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
HEI just broke its bullish channel’s resistance and made its new high with strong sales growth. Expect it to move back to $112 to test its new support area within several days before continuing its upward move.
I think the likely direction is to the up side.
Colour coded scenarios. Green Arrows Up. Purple Arrow neutral. Red Arrow down.
Long term, monitor for levels.