This energy stock is showing some signs of a great trade in the near future. The daily chart is making new highs and the MACD is beginning to cross along with the RSI in the oversold area of 39.
The volume is 1.3M
HLX is bullish for the day, week, month, and year on the time frame continuity.
My stop loss is in red, and my targets are in blue and yellow. It could close the gap from July 2023 at the 50 EMA and then pull back to the bullish trend.
I might look at c. options 6 months out.
Analysts have the forecast value at $13 - $17 a share in the next year. with a price target of $14.67.
Free cashflow of $0.42 per share which is a positive.
Insiders like the directors and board members own 6% of the company.
This is not trading advice, do your own due diligence and research.
The volume is 1.3M
HLX is bullish for the day, week, month, and year on the time frame continuity.
My stop loss is in red, and my targets are in blue and yellow. It could close the gap from July 2023 at the 50 EMA and then pull back to the bullish trend.
I might look at c. options 6 months out.
Analysts have the forecast value at $13 - $17 a share in the next year. with a price target of $14.67.
Free cashflow of $0.42 per share which is a positive.
Insiders like the directors and board members own 6% of the company.
This is not trading advice, do your own due diligence and research.