NAK1987

HPE, Looks ready to enter a new high .

Long
NYSE:HPE   Hewlett Packard Enterprise Company
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2
HPE is setting up well for a BO, I just took a position in the aftermarket (primarily based on todays volume , candle and the base we have formed) . I don't like the looks of its relative strength but most similar stocks are in the same boat at this time given the current trading environment and we closed strong overall today .
Comment: Stop @ 15.59, forgot to show on chart
Comment: HPE showed good relative strength today , and that volume looking good .
Comment: Added more , same stop as prior
Comment: Just an update .
Still have all my shares but price action is loosening and selling is picking up . I think this stock could benefit from a shakeout perhaps around the $15.40 area . I think that would be healthy . Though it would stop my positions out , a quick recovery from an event like that could reduce weak holders while allowing a move out of this base. Lets see what happens , certainly an interesting one .

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