Buyers are holding higher levels as they wait for a new move up to kick off

Potential Buy Entry Alert to Watch HE8

Time Frame : Daily/Weekly

Sector : Energy/Basic Materials

Key Stats : $337.27 Million Market Cap, VWAP 0.22, ASX Ranking 438, 4 Week Av Turnover $592,811, Current Turnover (Intraday as at time of alert) $125,850.

Company Overview : Helios Energy Ltd (HE8, formerly New Horizon Coal Ltd) is focused in exploring oil and gas and development of Trinity and Presidio projects.

Broker Consensus : Not covered by a major broker

HE8 – Helios Energy Limited

HE8 has been on the move up as buyers continue to jump into the action at higher levels. We notice the volume spikes on the rallies followed by an easing in volume, as with the current action, so we are now watching for a higher low to hold for the entry setup and will be watching to see an accompanying lift in the volume again.

Stock Code : HE8 – Helios Energy Limited

Company Website : www.heliosenergyltd.com

Current Price : 0.225

Status : On watch for potential higher low and push up through 0.27