Formed double bottom.

27 Mar 2019

HEG has closed to day at a level which is a double bottom. The stock may now move up from this double bottom. A couple of days ago, it broke 2/1 support at 2125 and is in bearish trend. The next support is at 1635, which is a 1/1 ascending angle support over a chart of two year span, signifying a very strong support. I expect the stock to move up in the first half of April.