Nov. 13 at 1:20 AM
$HEI is currently trading at
$329.03, with an RSI of 70.2, indicating it is in overbought territory. The 30-day moving average (MA30) is at
$315.93, and the 50-day moving average (MA50) is at
$317.4, suggesting strong bullish momentum, but the high RSI signals potential for a pullback. The price is near the 60-day high of
$337.57, which may act as resistance.
Directional bias is cautiously bearish in the short term due to the overbought RSI, despite the strong moving averages supporting upward momentum.
Suggested entry is at
$327.00, with a stop loss at
$320.00 to limit downside risk. Target 1 is set at
$335.00, just below the 60D high, and Target 2 at
$340.00, aiming for a breakout above recent resistance.
Monitor for a potential reversal as price approaches the high.
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