TSX:HEO - Toronto Stock Exchange - CA4433003064 - Common Stock - Currency: CAD
Taking everything into account, HEO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HEO is showing a nice and steady performance.
Besides having an excellent technical rating, HEO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.24, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
2.54
When analyzing the support we can see 3 important areas.
When analyzing the resistance we notice one important area.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
4.27 | 4.20 | 0.07 (1.64%) | 25.00% |
An entry @4.27. This is a Buy Stop order right above the resistance zone. | An exit @4.20. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 1.64%. | For a 0.41% total portfolio risk, you can invest 25.00% of your capital in this trade. |
TSX:HEO (12/11/2023, 7:00:00 PM)
4.25
+0.01 (+0.24%)