Technical Review - HeartCore Enterprise Inc. (14/10/2024)

Upon breaking the key resistance of $0.80, a strong buying interest can be observed for HeartCore Enterprise Inc. ](NASDAQ: HTCR). The money flow indicator (MCDX) also indicates strong institutional buying interest as shown in the red bar, with the current trailing price is trending well above EMA levels.

We expect a continuous uptrend for HTCR ahead to challenge key resistance level of $1.00 over the mid term, which is our next TP. We remain positive and rated the company a Trading BUY at its current level.