alexp

HPQ is in bear channel

Short
BATS:HPQ   HP Inc
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HPQ is trading in a strong bear channel recently. We're currently at the top of the channel and it's viable to make a low risk high risk:reward trade targeting the measured move target of the big bear bar in October. This trade has to be entered with limit order at 14.00.

Comments

stopped out of this one. HPQ found just the right time to break out of channel
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