Hewlett Packard Enterprise Horizontal purple lines above 18,58 are your targets / potential tops.
I don't advice to buy for the long term until we see a good uptrend above 18.58.
The vertical lines represent an expectation of a change in trend, a pivot high/low or start of a new bull market.
Q4 2020 is going to be very interesting.
2HP trade ideas
Hewlett Packard Enterprise: limited revenue growth opportunitiesHewlett Packard Enterprise Company (HPE) shares are trading at $16.53 prior to the earnings today. What's driving HPE's stock price? What's HPE's stock price forecast?
After its separation from HP Inc., HP Enterprise continued on the path of rapid divestitures, spinning out its enterprise services and software units along with other businesses and equity investments. This transformation has allowed the company to beef up its balance sheet and refocus its organization on the core traditional, on-premise hardware business, which consists of servers, storage, and networking--the mainstay categories of IT infrastructure.
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Buying HPE sharesOn the daily chart of HPE shares, the price has changed the trend direction into a bullish one after AO divergence. In my opinion, the instrument is at the beginning of the 5th Elliott wave of a bullish cycle, which gives more strength for a future growth if the price breaks the signal level in a form of the latest fractal
HPE - "Hell-lett" Going Back Down to Hell?Generally the wedge struggled through the whole of 2017 to breakout, and it finally did to the upside.
To me, here late longs are getting trapped and the stock could have a reversal from their exit selling pressure & entering shorts.
Let's see if I entered a bear trap or this is indeed a devil's advocate move; I could be totally wrong.
Do as you may now Mr. Market.
Stop at 16.85
Target at 16.00