$HE8 trendline break and now at res on volume. Love this setup. moving up on volume off a low pivot. might be good if you'll flag here....
Trade ideas
For the ASX traders HE8 looks primed and readyLiking the look of HE8 for a continuation move higher. The trend has been solid on the Daily timeframe and the Weekly has a lot of room to move on the upside so on the watchlist for a setup. Looking for the higher low (shoulder) to hold and the volume to lift for the evidence of buyers making a new charge higher.
$HE8 #ASX - Helios - Running with volume. Indicators are looking good, looks like its about to set up a for another move.
HE8 Short positionB 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
