Undoubtedly, HPE is on an upward trajectory.
The support has remained robust, and the bulls have successfully breached the resistance.
This suggests a dominant buying momentum, and the chances of continued upward movement are substantial.
We're seizing this buying window, anticipating a swift surge.
With a relatively high RR, we're prepared for all...
Analyzing the options chain and the chart patterns of HPE Hewlett Packard Enterprise Company prior to the earnings report this week,
I would consider purchasing the 16usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $1.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
After HPE has formed a double top, we might be witnessing a long-term trend reversal, from up to down. Yet the price is likely to stay within the range for some time and we are aiming for the bottom of that range.
As shown on the one-hour chart, in the last trading session, HPE broke out of its usual trading
the range being the blue high-volume area on the profile. This is with increased volatility as
shown by the indicator and the large top wicks on the rising green candles. Why did this
occur? Were traders simply buying anything in the IT sector vaguely related...
After a long inverted head and shoulders formation on HTFs, the price came to the top of the structure. Now it's reaccumulating on LTF, to break out above 15,40 and then continue above 16,00 once it reaches that level.
Inverted head and shoulders and Wyckoff is in play. There's a possibility that the price will move around a bit, before reaching 15,40 though, so...
HPE (Hewlett-Packard Enterprise)
H4 Chart
14.78 EMA 10 Close
14.74 Close
14.64 Horizontal Support Resistance
14.64 Fibonacci Retracement at 23.6%
14.62 EMA 20 Close
Daily Chart
14.72 Close
14.64 Horizontal Support Resistance
14.64 Fibonacci Retracement at 23.6%
14.63 EMA 10 Close
14.48 EMA 20 Close
The idea behind this chart is to short from 13.49$ level from daily timeframe *used to be support now it's a resistance* + 13.5 it's an even number, then I see the sharp approach on m5 yesterday, and understanding where I'll be wrong, that's 13.61
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CONSECUTIVE BULL FLAGS NOW HOLDING SUPPORT OVE RPREVIOUS RESISTANCE. TARGET IS THE FLAG POLE HEIGHT AND POTENTIALLY THE 1.618 FIB. HIDDEN BULLISH DIVERGENCE ON THE MACD.
What is HPE?
HPE aka Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data from edge to cloud. The company offers industry standard servers for multi-workload computing; mission-critical servers; storage solutions; and solutions for secondary workloads and traditional tape, storage networking, and disk...
