WEALTH UNIVERSITY

[TEAM ICEMAN]

RE: HEB

Its tough to say, its been manipulated a lot over the last week, but I think we're looking at some profit taking, a lot of people got in well below $1.70 in the last week (MMs ran it down twice taking out stop losses as low as $1.10) and are taking some off the table. Also, some accumulation is taking place as fear and greed find an equilibrium (at least for today)

I think it was a great sign how well buying support swooped in when it made a downwards break towards the $1.63 LOD. It popped back up pretty quickly.

IMO HEB closes in the $1.71-1.73 range near HOD today. I bet tomorrow is more of the same. Morning pop to the low $1.8Xs, dropping back to the high $1.6xs for the low of the day, settling back at 1.75-1.76 to close.

This is all purely a guess based on the action this week and the fact that most that are too scared to dis-approval are being shaken out day by day and the rest don't want to risk missing the boat if this thing explodes. To me this means less and less sellers unless the price moves up.