themarketzone
Long

Testing strong weekly support zone

NYSE:HPQ   HP INC
$HPQ is in a downtrend since its latest peak in Jan 2015.
The stock completed a 61.8 Fib retracement and it is now testing a major structure support near the psychological level of 10$
RSI (weekly) shows bullish divergence and in the daily chart we see that the price reached 127 Fib extension level that is considered to be a profit taking target (currently for bears).

9-10$ is the weekly reversal zone to monitor in $HPQ over the next few weeks.

Potential targets - 11$, 11.5$ and 12$ (200 weeks SMA line)

Tomer, The MarketZone
This analysis is part of the Weekly Markets Analysis newsletters
To read more interesting technical reviews for the week http://goo.gl/gg59or

To subscribe to the newsletters - http://goo.gl/HXjCPV
Follow my blog - http://goo.gl/78KZsl
Subscribe to my Youtube channel - https://goo.gl/q8dbyT
Subscribe now - https://goo.gl/dDs4Pn

Tomer J,
The Market Zone - You trading Edge
Visit my website - http://www.themarketzone.net/
Blog - http://www.themarketzone.net/?page_id=2371
Youtube - https://www.youtube.com/c/TheMarketZoneNet
M-M-M
9 months ago
I cannot wait until HP rises again!
+1 Reply
M-M-M
9 months ago
So far so good!
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out