themarketzone
Short

Sell Zone in HP after breaking down two ascending channels

NYSE:HPQ   HP INC
This setup is part of the Weekly Markets Analysis newsletter - http://goo.gl/jWKpb8

$HPQ experienced a strong breakdown of its trading channel in the Mid October sell off.
Since than the stock bounced from the 200 SMA line (see in the blog post) and traveled inside a very tight ascending channel all the way to test the 37$ resistance zone .
Last week the stock broke down below the tight channel. Despite the latest push higher, the stock is still testing broken channel and important resistance zone - That gives us potential sell zone.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out