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
Entry level $126.28 on break of downtrend.
Target price $130.72 just below daily resistance
Stop loss $125.19 below daily support
HEICO Corp. engages in the design, manufacture, and sale of aerospace, defense, and electronic related products and services. It operates through the Flight Support Group and Electronic Technologies Group segments. The Flight Support...
Strong fundamentals over last 10 years of company. Consistent and solid technical indicators showing towards continuation of upwards trend. Currently near all time high so there is great risk to the downside on this.
System T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
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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....
NYSE:HEI Gonna be very difficult for HEI to push any further upward without at least a small pullback. Chart looks phenomenally strong over time, so this isn't a name I would want to short for very long. But it's nice to make money both ways, and I believe short term down is the path here. Well overbought on daily, weekly, and monthly chart. Thinly traded...
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.
On the daily chart today, data for March 2 is missing. 2/27 earnings report is incorrect. Many other errors in earnings. Support ticket getting no attention.
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement tracking trend oscillators as below:
CCI diverges the price crossing down the zero level as well as shown in the chart.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back...
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.
