Main short signals on the chart: 1-Rising wedge with appropriate breakout 2-multitops proved at the end of rising wedge 3-Flag proved by breakout. Sell 62.50-62.00 Stop loss 65.20 (+1 tic flag's high) Target 50.00 (Elliots' waves+strong supporting level)
Hello my Friends! Errol here..... We have a very nice Bat pattern setting up here and in the comments below I will share a LInk for you of a Youtube video that I did regarding this pattern and some other things. Best Regards, Errol Muller
$HPQ is in a downtrend since its latest peak in Jan 2015. The stock completed a 61.8 Fib retracement and it is now testing a major structure support near the psychological level of 10$ RSI (weekly) shows bullish divergence and in the daily chart we see that the price reached 127 Fib extension level that is considered to be a profit taking target (currently for...