Investors finally have something to be bullish about, earnings beat estimates easily and the company is optimistic for the future. The stock was down over 20% in 2019 but has had a nice 7% gain in the afterhours. Much will depend on the earnings call, a possible entry for a long is $14.15, juts above near term resistance.
Long upper shadow and previous average Marabozu shows signs of downward pull; confirmed by oscillators
HPE LOOKS LIKE A LOVELY RISK REWARD LONG IN ITS CURRENT PRICE ACTION, WE SEE A INVERSE H&S FORMING ALONG WITH POSITIVE INDICATORS AND MORE POSITIVE DEVELOPMENTS ON THE BUSINESS DEVELOPMENT FRONT.
Horizontal purple lines above 18,58 are your targets / potential tops. I don't advice to buy for the long term until we see a good uptrend above 18.58. The vertical lines represent an expectation of a change in trend, a pivot high/low or start of a new bull market. Q4 2020 is going to be very interesting.
Reason to Short 1) Strong resistance 2) 0.618 = potential reversal Stay tuned !
All the information can be found on the chart Also check out our YT channel .
I think due to low decline power and support line of Elliot line 3 was not breaked the HP should perform positive trend despite low volumes at not
HP has been held in an upward channel for a while. If we bounce of the support line, expect to reach somewhere around $17.50 in the coming week. RSI looks like it will hold support and MACD is positive.
Been thinking about Steve Jobs recently. Where the new wave of tech originated..
Hewlett Packard Enterprise Company (HPE) shares are trading at $16.53 prior to the earnings today. What's driving HPE's stock price? What's HPE's stock price forecast? After its separation from HP Inc., HP Enterprise continued on the path of rapid divestitures, spinning out its enterprise services and software units along with other businesses and equity...
On August 1st I recommended two large cap tech stocks as a low risk alternative to the over valued high flying FAANGS. IBM's chart says that if it can fill the small gap @ 144 today, it is a great place to add to or get in if you didn't buy yet. I also have been waiting for a pullback to add to HPE since it has been strong from the time of the buy recommendation....