$HERO: Follow Up on a Winner

Back in December I posted about HERO and said that it was blasting off.  Here's a quick update on this play.  It has continued on its uptrend tear since the announcement of it taking over $HAWK, which now makes HERO the only shallow water driller in the Gulf of Mexico.  Although its in a major uptrend, HERO is a little overbought on both the Weekly and Daily time frames.  That means that it's most likely prudent to wait for a good pullback before entering a long position.  Here's an updated chart:

I'll continue to keep an eye on this one because I don't think it has fully played out.  Hope everyone is doing well.

TLT