Downtrend Continuation: Hydro One $H
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 average
- Tenkan-sen and Kijun-sen are both moving lower and acting as dynamic resistance
- Currently trading below the cloud
- On Balance Volume (OBV) has broken below its two support levels and is now below its moving average (not shown)
Not holding into earnings on May 15th, 2018
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 average
- Tenkan-sen and Kijun-sen are both moving lower and acting as dynamic resistance
- Currently trading below the cloud
- On Balance Volume (OBV) has broken below its two support levels and is now below its moving average (not shown)
Not holding into earnings on May 15th, 2018
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.