Buyers in a prime position off higher levels to launch a new rally

Potential Buy Entry Alert to Watch HE8

Time Frame : Daily/Weekly

Sector : Energy/Basic Materials

Key Stats : $164.45 Million Market Cap, VWAP 0.13, ASX Ranking 619, 4 Week Av Turnover $51,942, Current Turnover (Intraday as at time of alert) $13,520.

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 is a small trader but has some great price action that looks set to push to new highs through 0.18. This is a speccy that we will wait for the ideal higher low to build the buy entry setup. Watching now for a pop up through 0.14 and then the higher low for the action to start to heat up.

Stock Code : HE8 – Helios Energy Limited

Company Website : www.heliosenergyltd.com

Current Price : 0.13

Status : On watch for potential higher low and move through 0.18