For the most part large cap tech stocks are over valued and vulnerable.(Especially the FAANGS) For those who still want or need exposure to large cap tech(institutions especially) there are two stocks with reasonable valuations and great dividend yields. IBM, I have recommended repeatedly and continue to do so. The new recommendation is HPE. It is very under...
the bulls next? 1) head and shoulders 2) ascending triangle 3) piercing line BUY in bold red line
I have bought HPE___Target $22___stop loss- Any daily close below $13.96
On the daily chart of HPE shares, the price has changed the trend direction into a bullish one after AO divergence. In my opinion, the instrument is at the beginning of the 5th Elliott wave of a bullish cycle, which gives more strength for a future growth if the price breaks the signal level in a form of the latest fractal
Hewlett Packard HPE performed well last quarter. Dropped off of Head and Shoulders. May be rebounding back up to R2 at 17.73. Bear Bat possible pattern. Next upside target is moving over pivot at 16.06 and then breaching the 20 day MA. around 16.40
Hewlett Packard Gapped up nicely on earnings and looks to have flagged printed inside day with high vol Friday. Will look to buy breakout just above previous days high 19.30
Generally the wedge struggled through the whole of 2017 to breakout, and it finally did to the upside. To me, here late longs are getting trapped and the stock could have a reversal from their exit selling pressure & entering shorts. Let's see if I entered a bear trap or this is indeed a devil's advocate move; I could be totally wrong. Do as you may now Mr....
12.70 the level i'm watching... if we get a bounce from here i'll get long. Break 12.70 and i'll be short
HPE has retraced nearly all of its September 12 - October 2 rise, and is now showing solid signs of reversing off its low. Note that earnings come out after the close on Tuesday.
HPE looks like it has hovered around $14 for a while in this chart....what gives?
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