For two consecutive days HEG (8X chart) stayed above 1/1 ascending line formed over a period of 400 days. My target for HEG is 8000 by December 2018, if fundamentals meet the expectations. Watch out that level 3425 is not broken in short term.
HEG limited shown good strength in today super bearish market too.
Today HEG retraced from demand zone which is also Fibonacci 50% level making that level as strong support.
And price continued its upward movement till 1.382 level and retraced sharply. Thus creating a new demand point around 3140.
As the trend continues! We can expect HEG to be in 3400 in next few days.
