HP Inc - 30d expiry - We look to Buy at 27.77 (stop at 26.60)
Further upside is expected although we prefer to buy into dips close to the 27.50 level.
Trend line support is located at 27.50.
A lower correction is expected.
Preferred trade is to buy on dips.
The stock is expected to outperform in its sector.
Our profit targets will be 30.69 and 31.29...
Looking at the HPQ HP Inc. options chain ahead of earnings , i would buy the $28 strike price Puts with
2022-12-16 expiration date for about
$1.00 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
HP Inc. is the largest U.S.-based manufacturer of personal computers and the second-biggest worldwide, with an 18.7% share of the global market. The company sells desktop and notebook computers, workstations, retail point-of-sale systems, displays, printers and hardware, and support and services. HPQ holds 27,000 patents and operates in 170 countries globally.
The...
The PEAD projected a Bullish outlook for $HPQ after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
TICKER: HPQ
TIME FRAME: 1D
STRATEGY: LONG
HPQ is at support level.
OVERSOLD
STOCHRSI divergence towards bullish.
FOR EDUCATION PURPOSE ONLY.
PLEASE FOLLOW ME MORE UPDATE.
HP Inc
Intraday - We look to Buy at 28.99 (stop at 26.49)
Short term momentum is bearish. Price action continues to gravitate towards crucial support levels with aggressive selling interest. Support could prove difficult to breakdown. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward...
The PEAD projected a Bullish outlook for $HPQ after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
HPQ teed up a sell signal followed by retesting the structure of which it had broken to the downside from.
I've identified the ideal entry, stop and target for this current week.
The overall trend remains long, this is the first rollover opportunity below the 200 day SMA.
The first smaller pattern can be seen to be very similar to the larger
The break out of the smaller formation was successful
The break out of the larger formation (underway) will likely also be successful, and on a grander scale
I would consider both of these patterns ascending triangles
With the break of key moving averages (21w and 34w) a patient investor following the Buffett playbook might want to look into acquiring HPQ for a trend continuation in the long term uptrend of this stock. The question is, as always, where will it bottom? Outlined is the most likely scenario: bottom will be somewhere in between $30 and $31. Invalidation of this...
PC maker HP has held its ground all year as the technology sector tumbled, and now it too may be coming under pressure.
The main pattern on today’s chart is support at $34. HPQ gapped above this level following a strong quarterly report in late November. It bounced there in January, March and late May but never had a daily close below it.
This week, the stock...
Neutral pattern until a trendline is broken.
Mid Rectangle is 36.34. This can be used as a stop whichever way this breaks.
No recommendation.
Numbers in white over the rectangle are targets to the upside and below are targets to the downside.
HP Inc. is in consolidation for a quite long time. In the past six months, the $ 40 resistance was tested several times, but the bulls didn`t have enough strength to break it. This time may be different.
If the upcoming test of the resistance in the next couple of days is successful, we may witness new all-time highs with a price target of $ 46.
Risk Disclosure:...
Before August 19th, we could see an increase of at least 100% (OTM option price).
Using options so time is the only SL.
Strike: 40
Current Mark Price: 1.14
Many indications here that HP Inc. has topped throughout 2022. I expect the reaction to their upcoming earnings report on May 31st will be negative, whether or not they report decent earnings. Forward P/E will be revised downward.
Technical Analysis from 2012 shows we have 3 major rallies.
The length of price movement and time extended in each of these rallies...
