Same reasons as AXP trade...
With the S&P trending up and at weekly demand, and HPQ basically
mirroring it, having pulled back to an objective level of weekly
demand from the pivot low in mid oct 2014 where price
rocketed off. I am hoping that there will be some unfilled
buy orders or a large enough supply/demand imbalance to push price
higher. My entry on this...
The volume has been on the low side recently. The EMA’s are headed higher with bullish separation and angle. The SMA’s are headed bullish. Stochastics are giving a buy signal in the (slight) overbought territory, but they have room to move if needed, RSI is headed higher and isn’t oversold quite yet and MACD is catching up with itself to eek out a sell signal, but...
Chart looks to be tracking an expanded version of the 2006-07 cycle. A Mandelbrot, chained in an action/reaction downtrend, which has just been tested. Swings since October 2013 are practically the same, as the inv h&s is completed now. What's impressive is the coincidence of the upcoming earnings, today AMC.
This setup is part of the Weekly Markets Analysis newsletter - goo.gl
$HPQ experienced a strong breakdown of its trading channel in the Mid October sell off.
Since than the stock bounced from the 200 SMA line (see in the blog post) and traveled inside a very tight ascending channel all the way to test the 37$ resistance zone.
Last week the stock broke down...
H&S target is not reached yet so I'm expecting another wave up.
Buying blindly and looking to take profit this year.
We might see prices around 50 in June, 2015
HPQ There are some diagonal grids for HPQ if you are interested. The pink down angle is part of a disjoint tool angle anchored off the 2 red ellipse points. the pink (purplish because it's overlaid on top of other angles) is the reflected angle in disjoint position (centers not lined up over each other). The fib channel is then laid over the disjoint down angle...
HPQ did not look attractive for many years but it seems it's back on track. Fundamentally and technically.
For cautious investors await 38+ breakout - but if you have a look at the daily chart we see a "buy the dips" opportunity.
This stock just trends higher and higher. After every decline to the Wave, it is time to buy. At a point, the stock will go down, but until then, the safe bet is to the upside.
This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The Hewlett Packard Share (HPQ) Daily Diagram Technical Analysis Training shows the following:
The HPQ share has made a bullish engulfing last Friday. There is a sense of bull market because the EMA 50 is above EMA 100 & EMA 200 and EMA 100 is above EMA 200 too.
MACD however has a...
The 50MA has provided an almost unbreakable support for HPQ since the beginning of the year. Although the stock has consolidated the past week or so I see the rally to continue in light of earnings on the 20th towards the $37 price.
The Hewlett Packard (NYSE:HPQ) Daily Diagram Technical Analysis Training shows the following:
The HPQ share has made a long term development with the support of the trend line (light blue) for 7 months. This support line is over the KUMO, which means that the HPQ is bullish in long term (from January 2014). The weekly diagram shows bullish trend. The monthly has...
The Hewlett Packard (NYSE:HPQ) Daily Diagram Technical Analysis Training shows the following:
The HPQ share has made a long term development with the support of the trend line (light blue). This support line is over the KUMO, which means that the HPQ is bullish in long term (from January 2014). The weekly diagram shows bullish trend. The monthly has got itself...
The Hewlett Packard (NYSE:HPQ) Daily Diagram Technical Analysis Training shows the following:
The HPQ share has made a long term development with the support of the trend line (light blue). This support line is over the KUMO, which means that the HPQ is bullish in long term. The weekly diagram shows bullish trend. The monthly has got itself into the KUMO...
The Hewlett Packard (NYSE:HPQ) Daily Diagram Technical Analysis Training shows the following:
The HPQ share has made a long term development with the support of the trend line (light blue). This support line is over the KUMO, which means that the HPQ is bullish in long term. The weekly diagram shows bullish trend but an overbought RSI. The monthly is on a...
