Berkshire Hathaway, the holding company of renowned investor Warren Buffett, is actively reducing its holdings in Hewlett-Packard Company (HPQ) shares. Berkshire's ownership in HPQ has decreased from 12.2% last quarter to 11.7%. This may be evidence of Warren Buffett having some insider information about the company's future. Furthermore, HP's actual financial performance at the beginning of this year fell short of market expectations.
In light of these developments, we suggest examining the chart for Hewlett-Packard Company (NYSE: HPQ).
On the D1 timeframe, support has formed at 25.23, with resistance at 27.70. If the quotes consolidate below the 26.70 level, it could indicate a potential breakthrough of support. On the H1 timeframe, the short-term target for price decline may be around 23.88, with the possibility of further declines to 19.70 in the medium term. The likelihood of price growth appears to be extremely low.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.87% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
In light of these developments, we suggest examining the chart for Hewlett-Packard Company (NYSE: HPQ).
On the D1 timeframe, support has formed at 25.23, with resistance at 27.70. If the quotes consolidate below the 26.70 level, it could indicate a potential breakthrough of support. On the H1 timeframe, the short-term target for price decline may be around 23.88, with the possibility of further declines to 19.70 in the medium term. The likelihood of price growth appears to be extremely low.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.87% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.