I checked P&F chart for
HERO today. We clearly have a bullish breakout called "bearish signal reversal". This is a pattern of prolonged series of falling tops and bottoms. Finally it consumes all available selling supply and the double top breakout at the end signals that now demand is exceeding all available supply. Others would probably call this is a prolonged short squeeze, which is so strong that becomes visible even on a slowly changing P&F chart. Near term price objective for
HERO is $10.5
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