vlad.adrian
Long

HP - Long after retracement

NYSE:HPQ   HP INC
149 5 3
This is a paper trade, that I'm posting so I can review later. That's the only way to become better, by reviewing your trades. Weekly view here
snapshot
. It looks weak.

The main idea for this trade is that HP             retraced to its moving averages, and as you can see, everytime during this uptrend when prices retraced to the wave, it made for a very good entry point.

First target is at the high, where I will be looking for a double top . Second target is at the 1.618% fib of the current correction.
I bought this. Thanks!
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your welcome and good luck!
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I sold this end of April but still making profit.
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It looks very bearish now
snapshot

06.05.2014
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yeah, didnt reach first target but still making profit. Thanks!
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