HPE: Tripple Bottom Long

Hewlett Packard Enterprise CompanyNYSE

Description

⋅ Apr 7, 2022 4:04 PM

- On daily time frame, macro uptrend

- Triple top formation from roughly Jan 14th 22 through end of March 22

- Triple bottom formation being formed now. Starting end of January 2022 forming at the beginning of April 2022

- HPE entering support zone between $15.35 and $15.68

- Upper level resistance at $17.46 to $17.75

- Uptrend/sideways action intact so long as no daily closure below support level

- Support at EMA 200 being tested and held

-RSI is also close to oversold territory. This will likely be in the buy zone (the support level)

- Purchase in buy zone (Current Support)

- Golden pocket of Fib in support zone

Chart Patterns Trend Analysis

Comments

Nico.Muselle

⋅ Apr 7, 2022 4:40 PM

Hi there, congratulations on your first post. Hope you liked the process. Thank you for contributing :)
✌🏽from mod @Nico.Muselle, TradingView moderator