HP is approaching its resistance where a reversal could occur.
HP is approaching support where a potential bounce to its resistance could occur.
HP is approaching our first support at 54.26 (horizontal overlap support, 50% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 58.21 (horizontal swing high resistance). Stochastic (55,5,3) is also approaching support where we might be seeing a corresponding bounce in price.
HP is appraoching our first resistance at 57.84 (horizontal overlap resistance, 61.8%, 50% fiboancci retracement) where a strong drop to our first support at 51.75 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
HP is approaching our first resistance at 58.02 (horizontal pullback resistance, 50% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 45.07 (horizontal swing low support). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
HP is approaching its support at 40.98 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 57.54 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 1.9% where a corresponding bounce could occur.
HP is approaching our first support at 40.55 (horizontal swing low support, 76.4% Fibonacci retracement, 61.8% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 57.23 (horizontal pullback resistance, 61.8% fibonacci extension, 50% fibonacci retracement). Stochastic (55,5,3) is also approaching...
HP is approaching support at 49.56 (100% & 61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 58.07 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching support at 2.7% where a corresponding bounce could occur.
HP is approaching its support at 58.36 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially rise up to its resistance at 65.27 (50% Fiboncci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching support where a corresponding bounce could occur.
Info on Chart. Partial purchases at first, but I will be adding as long as the price stays above lower rising trendline.
When in doubt, simplify things (especially trading charts). Strong support at $58. Nothing like a Harmonic Pattern for a visual reference.
Failed to make new high on weekly. Lost the high in local trend gonna retest lower levels here.