Henderson Far East Income Limited (LSE:HFEL) price action is strengthening, supported by improving momentum as buyers maintain control. A sustained break above the 250 resistance level could open room for further upside, while rejection at this zone may trigger short-term consolidation or a mild corrective pullback.
HFEL continues to show a stronger upside bias, supported by solid buying pressure. Price action is holding above key short-term support levels, while momentum indicators suggest there is still room for further gains toward the 250 resistance zone. As price nears this level, traders will watch for hesitation or rising volume. A clear breakout could extend the trend, while a failure to move above 250 may lead to profit-taking and a short-term pullback toward nearby support.
Resistance Levels: 250, 255, 260
Support Levels: 235, 230, 225
Are Momentum Oscillators Still Overbought, Suggesting Possible Exhaustion or a Pause in the Current Uptrend?
When the Oscillating tools remain in the overbought, investors often turn more cautious, with some locking in profits while others wait for confirmation. This behavior can reduce buying momentum in the short term, leading to consolidation, unless strong fundamentals or fresh demand encourage investors to sustain risk exposure.
The Stochastic Oscillators are in the overbought region, indicating strong upward momentum, but caution is advised as signals suggest potential short-term exhaustion or a minor pullback before the trend can resume. Traders may monitor volume and market sentiment closely to gauge the strength of any continuation. The 15-day EMA has slightly crossed above the 50-day EMA, signaling a budding bullish trend, yet momentum remains moderate, and confirmation through sustained price action is required for a reliable upward continuation.
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