HYDRO ONE LIMITED

TSX

H

Watching H for a break of its current range, looking for a swing trade and a +10% move

Hydro One is an electricity transmission and distribution utility serving the Canadian province of Ontario. Currently, Hydro One is trading at historic lows since its IPO. The underlying trend is bearish, while the chart pattern is Broadening Bottom. At this point the price can go either way. Currently, the support is being tested at the trendline (Dividend is...

Hyrdo One looks like it is going to be continuing its downtrend after a period of consolidation. Reasons: - Breakdown through support line of ascending triangle - MACD has crossed over just above the zero line and is now moving below the zero line - RSI has broken below the trendline that has been acting as support/resistance and is also below its moving...