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Long

HPQ(m) - two targets

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BATS:HPQ   HP INC
98 1 0

HPQ             has been on the move lately, its at important resistance at the moment and given the continued momentum is likely to break out above it, macd zero crossing imminent. Two relevant targets are plotted which coincide nicely with swing support levels. Remember this is a monthly chart, so horizon is 3-6months here.
Target (1) met, i underestimated the delay though. From here it could move to (2) instead of pulling back (unless the market pulls lower offcourse). That's cause we had earnings on the 18th and there has been buying interest since. I'll be running a trailing stop in case of a breakout
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