Hi, according to my analysis of HPQ stocks, there is a good opportunity to buy. The stock remains positive. With the breach of the bullish gradient pattern, it also broke the strong resistance at level 31, where we notice a strong price gap above the pattern, which is evidence of a strong entry for buyers. good luck for everbody
HP Inc - 30d expiry - We look to Buy at 28.36 (stop at 27.16)
Price action has formed a bullish ascending triangle formation.
The sequence for trading is higher highs and lows.
Trend line support is located at 27.90.
Previous resistance at 28.50 now becomes support.
A lower correction is expected. We look to buy dips.
Our profit targets will be 31.36 and...
HP Inc - 30d expiry - We look to Buy at 27.77 (stop at 26.60)
Further upside is expected although we prefer to buy into dips close to the 27.50 level.
Trend line support is located at 27.50.
A lower correction is expected.
Preferred trade is to buy on dips.
The stock is expected to outperform in its sector.
Our profit targets will be 30.69 and 31.29...
HBQ formed a Symmetrical Triangle Pattern , it is waiting to confirm after 1 hour, basically a nice pattern and Tp $ 22.
Buy : $17.50
Target : $22
Stop loss : $17.02
Wish you a successful trading !
