rmchuh

Short Reversal HPQ

Short
NYSE:HPQ   HP Inc.
Could have a quick reversal trade coming soon. Have been seeing divergence on both the Klinger and the RSX. With the overbought nature of the RSX, coupled with the breakthrough of the upper Bollinger band and a gravestone doji at its 52 week high, this has the potential to reverse quickly especially if we begin to see a narrowing of the bearish/bullish averages of the VI as well. Don't forget the bimodal volume profile distribution, would aid well to retrace into that low volume space
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