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 short or PUT option strategies with this stock. The stop loss is very near from resistance.
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 short or PUT option strategies with this stock. The stop loss is very near from resistance.