HPE, Looks ready to enter a new high .
HPE is setting up well for a BO, I just took a position in the aftermarket (primarily based on todays volume, candle and the base we have formed) . I don't like the looks of its relative strength but most similar stocks are in the same boat at this time given the current trading environment and we closed strong overall today .
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Stop @ 15.59, forgot to show on chart
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HPE showed good relative strength today , and that volume looking good .
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Added more , same stop as prior
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Just an update .
Still have all my shares but price action is loosening and selling is picking up . I think this stock could benefit from a shakeout perhaps around the $15.40 area . I think that would be healthy . Though it would stop my positions out , a quick recovery from an event like that could reduce weak holders while allowing a move out of this base. Lets see what happens , certainly an interesting one .
Still have all my shares but price action is loosening and selling is picking up . I think this stock could benefit from a shakeout perhaps around the $15.40 area . I think that would be healthy . Though it would stop my positions out , a quick recovery from an event like that could reduce weak holders while allowing a move out of this base. Lets see what happens , certainly an interesting one .
艾力克~
