Overall major trend is down since 2010 with current uptrend near a very strong downward trendline marked in RED.
Price will oscillate within the blue channel and if this holds true, we will experience short-term trend is bullish up till the red trendline. If price breaks this line, and is carried within the blue channel, it will move to the black 150% fibo...
Overall major trend is down since 2010 with current uptrend near a very strong downward trendline marked in RED.
Price will oscillate within the blue channel and if this holds true, short-term trend is bullish up till the red trendline. If the breaks this line, and price is contained within the blue channel, it will move to the WL-1.
The angle of price...
Continued..
the correction wave started from bottom of Nov with impulsive wave as a. the prices retraced to 38.2% of a. Finally, the c wave formed as diagonal wave. the negative divergence in MACD act as a key feature between wave 3 and 5. I suppose the HPQ reach to considerable resistance and the price could be decline when the c wave complete. I suggest to build...
Was looking at this grossly mismanaged company since its bounce from the dismal lows, seems the move might take it higher still. Target seems to be 29.21 in the short term, although I'm not trading in size.
Good to wait a minor pull back if it ever happens, the stock seems bottomed and ready to take off now. This head and shoulder's bottom is reliable pattern and always good to wait a pull back which will come once profit taking hits or price consolidates within a tight range. If you are long or want to go long make your stop loss tight recent low 17.67-18.38 area...
