Setting up for a big move

Peak to trough HE8 trades in same pattern of 7c pullbacks before big moves, coupled with MACD divergence which we are seeing now just like Jan - May last year before the stock rocketed to new highs.

Much of the latest fall as been due to all the 2c options expiring on 31/12 and people selling down to fund it. Now that is done the stock has been stabilising plus we now have a massive tailwind with oil prices over $80 and drilling of the 4th well to be done in 2 weeks and company well funded due to the options being converted.

I am seeing a lot of near term tailwinds and catalysts coupled with the way the stock is setting up I think it will only be days before the stock rerates back through 10c+