HP reversed off its resistance at 52.38 where it could potentially drop further to 49.01. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
NYSE:HPQ HP INCORPORATION Stock - NYSE (USA) Expanding or Reverse Symmetrical Triangle (Short Signal) Profit:Risk = 1.5:1 --- Sell Stop (Sell) = $20.47 Take Profit = $20.17 Stop Loss = $20.67 ------ Take Profit = +1.47% Stop Loss = -0.98%
Good day everyone, HPQ just lost about 18% of this value on a single week, 8 weeks of bullish progress ERASED! PANIC AND BLOOD ON THE STREETS! Ok, no. Check daily chart, see how to volume on the selling bars is decreasing? This means the panic is slowly getting absorbed. "Hey, this mean its time to BUY BUY BUY RIGHT?" Answer: No, at least, not YET....
HP is approaching our first support at 54.26 (horizontal overlap support, 50% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 58.21 (horizontal swing high resistance). Stochastic (55,5,3) is also approaching support where we might be seeing a corresponding bounce in price.
HP is appraoching our first resistance at 57.84 (horizontal overlap resistance, 61.8%, 50% fiboancci retracement) where a strong drop to our first support at 51.75 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
HP is approaching our first resistance at 58.02 (horizontal pullback resistance, 50% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 45.07 (horizontal swing low support). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
HP is approaching its support at 40.98 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 57.54 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 1.9% where a corresponding bounce could occur.
HP is approaching our first support at 40.55 (horizontal swing low support, 76.4% Fibonacci retracement, 61.8% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 57.23 (horizontal pullback resistance, 61.8% fibonacci extension, 50% fibonacci retracement). Stochastic (55,5,3) is also approaching...
HP is approaching support at 49.56 (100% & 61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 58.07 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching support at 2.7% where a corresponding bounce could occur.
HP is approaching its support at 58.36 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially rise up to its resistance at 65.27 (50% Fiboncci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching support where a corresponding bounce could occur.
Went with a weekly expiry put yesterday to get started in speculation of NYSE:HPQ to the downside. So far it's going OK. Will look to close it by Thursday and pick up some longer expiration puts when a little longer correction happens. This is one possible wave count. Another way I'm looking at it will be in the comments. Either way I will be looking for moves...
The chart signals clear sailing for $HP to 64. Look for it to hit $70 in the next 3-6 months.
This is my long term perspective on Gold, based on the Elliot Wave principle and another technique I use called Hidden Pivot. This is my first published idea and I do it simply because this is what I see currently and I'm currious to see where it will be in comparison, let's say a year or two from now... I may elaborate further on smaller TF as things develops, if...
HP Inc. is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and...
HP is a well-managed company that lost about 45% of its stock value during the once in a lifetime epic oil downturn. Its prospects look bright as the oil market starts to rebound. The charts also indicate it's about to spring up with a triangle pattern showing seller being edged out. Throw in a 4% dividend right now and it looks like you've got yourself a winner.
Helmerich & Payne, Inc. is a contract drilling company headquartered in Tulsa, Oklahoma, and engaged primarily in the drilling of oil and gas wells for exploration and production companies. The Company's stock price moves basically in tandem with the oil rig count. It looks like it's forming inverse head & shoulders formation. This would imply that oil rig count...
HP Inc: Surprisingly Good Financial Results That Shouldn’t Have Been Surprising www.itbusinessedge.com