HE is obviously an underdog given what happened in Maui and the aftermath of the disaster. It has that baggage and the ankle weights of litigation public perceptions, electical power infrastructure and all the rest. Seemingly it is weathering the storm. The 15 minute chart shows a ranging price action really going no where until last Friday when volatility...
As seen on the 2H chart HE has been trending down since July 28th and the recent earnings miss and devastating fires caused by faults in its electric distribution system. There will be lawsuits which will drag on for years. No matter this is a regulatory protected monopoly. It will be rescued by the consumers through the regulators. Price is reversing to...
HE has been slaughtered on the pending investigation that they may be at fault for the Hawaii fires. Unfortunately this is terrible for the state and families involved. Were here to make money: is there may be a large dead cat bounce or even a generational buying opportunity?
A few years back, China had amassed a 2.6 Year Supply of... you guessed it... Bacon. Pork Bellies to be precise. China, yeah, naw, they are not big on Bacon for breakfast, lunch, or dinner. Frozen Bellied piled up and piled up for months on end. Piggies have filled the Gap again. The Potential for reversals in many commodities is rising, even for BAKE ON.
Weekly RSI bull div... Because it's the new paradigm!
Does not look good to me. I see prices falling here into the 60´s.