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
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