HE | Inverse Head & Shoulders Breakout Setup / target +13%-56%

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๐Ÿ“ˆ Ticker: HE (Hawaiian Electric Industries)
๐Ÿ“† Timeframe: 1D (Daily)
๐Ÿ“‰ Price: $10.59
๐Ÿ“Š Volume: 1.23M
๐Ÿ“ˆ RSI: 50.96 (Neutral, ready for breakout)

๐Ÿ” Technical Setup:
A classic Inverse Head & Shoulders has formed just above the lower boundary of a multi-month parallel ascending channel.

๐ŸŸฉ Key Features:

Symmetrical reversal structure (Lโ€“Hโ€“R Shoulders)

Horizontal neckline around $12.00

Trading just above channel midpoint with supportive RSI action

๐ŸŸข Green arrow marks support near $10.50
๐Ÿ”ด Red arrows signal likely resistance areas

๐Ÿง  Trade Plan & Price Targets:
โœ… Entry Zone: $10.50โ€“$10.70

โŒ Stop-Loss: Below $9.90 (channel breakdown + structure failure)

๐ŸŽฏ Target 1: $12.00
โ†’ ๐Ÿ“ˆ Return: +13.3%

๐ŸŽฏ Target 2: $13.80
โ†’ ๐Ÿ“ˆ Return: +30.3%

๐ŸŽฏ Target 3: $16.50 (upper channel resistance)
โ†’ ๐Ÿ“ˆ Return: +55.8%

โš ๏ธ Technical Notes:
RSI at 51 โ€“ neutral zone, ready to build momentum

Volume declining โ€” watch for breakout surge above $11.50

Channel provides structure for swing trades and scaling

๐Ÿ’ฌ Is HE about to energize a trend reversal or flicker out?
๐Ÿ“Œ Comment your thoughts and follow for more high-conviction setups!
#TargetTraders #HE #Utilities #InverseHnS #BreakoutTrade #SwingTrading #TechnicalAnalysis

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