This chart is very interesting to me. First check out that near perfect triangle formed by the resistance and support lines. I think this is going to set up a great trade in the bottom right of the triangle. For now now HPQ has a little room to run to the 34 area before butting into the and turning back down to test the support region of $31-32. That alone could be a nice $2 short trade, but I am more interested in the potential set up afterwards. Interestingly enough the timing can set right in line with the announcement at the end of May. At that point if your HPQ you can buy in the of 31-32 with a stop at 30.74-29.97 depending on your appetite of risk. If you are , simply flip the buy and stop zones. In other words short it at 30.74-29.97 and place your stop in the 31-32 range. It comes down to if you believe in the company or not. A couple quick notes on the fundamentals of the company that I would like to point out. YOY EPS showed growth, but revenue dropped and is expected to drop again in the second quarter. The most alarming stat to me is the fact that cash flow per share dropped from 1.54 to just .40. Thats right FOURTY CENTS. Thats huge. The case for the bulls is the bar is set so low that it wouldnt be hard for HPQ to show up with a surprise. Again it comes down to your own analysis and whether or not you believe in the company.