From the information available at this time it would be best to wait for the release of Q4 results to ascertain if HSE has the strength to break above resistance.
With the bottom in, the resolution of the debt issues that were casting a pall on the shares, the emergence of a new uptrend, and takeovers in the sector, PBN is a buy.
Currently I would look for a bounce off of $22.00 and some buying to come into the shares during the period of seasonal strength for energy shares.
With energy stocks entering a period of seasonal strength that will run until May it’s a good time to make a move if you are so inclined
There does seem to be some support at $7.75 but I would want to see the selling abate before I stepped up to the plate.
Currently the RSI is moving lower and the MACD is not suggesting a buy.
At this point it would be best to wait for the downtrend to reverse before buying.
