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

📈 Ticker: HE (Hawaiian Electric Industries)
📆 Timeframe: 1D (Daily)
📉 Price: $10.59
📊 Volume: 1.23M
📈 RSI: 50.96 (Neutral, ready for breakout)

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

🟩 Key Features:

Symmetrical reversal structure (L–H–R Shoulders)

Horizontal neckline around $12.00

Trading just above channel midpoint with supportive RSI action

🟢 Green arrow marks support near $10.50
🔴 Red arrows signal likely resistance areas

🧠 Trade Plan & Price Targets:
✅ Entry Zone: $10.50–$10.70

❌ Stop-Loss: Below $9.90 (channel breakdown + structure failure)

🎯 Target 1: $12.00
→ 📈 Return: +13.3%

🎯 Target 2: $13.80
→ 📈 Return: +30.3%

🎯 Target 3: $16.50 (upper channel resistance)
→ 📈 Return: +55.8%

⚠️ Technical Notes:
RSI at 51 – neutral zone, ready to build momentum

Volume declining — watch for breakout surge above $11.50

Channel provides structure for swing trades and scaling

💬 Is HE about to energize a trend reversal or flicker out?
📌 Comment your thoughts and follow for more high-conviction setups!
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