SetupConviction 25LongFinancialsScan · Fri, Oct 2, 2026
Falling trendline breakchannel
Western Asset High Income Opportunity Fund Inc. (HIO) closed at $3.29 (+0.61%) on Oct 2, 2026. It is in the "Setting up" lane with a falling trendline break pattern. Price is below its 50-day and below its 200-day moving average. RSI(14) 34, RS Rating 32, -15.4% from its 52-week high, -10.8% year to date. Sector: Financials · Asset Management.
HIO·$3.29+0.61%
ResistanceSupportVol 14↓Insider sell
63 bars
StockSetups
3.23.33.43.53.63.7S 3.2
Vol MA14 729.81K
Jul 7Jul 23Aug 11Aug 27Sep 16Oct 2
Trade plan
LongReward : Risk2.35
Entry
Entry
3.39
Risk
Stop
3.32
-1.8% to stop
Reward
Target 1
3.53
+4.3% to target
Stretch
Target 2
3.68
+8.6% to T2
Risk : reward balance
Risk to stopReward to target
Levels are derived from the pattern's structure (resistance, support and ATR) — a mechanical plan, not financial advice. Size positions to your own risk tolerance.
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