WHAT IS WRONG WITH THIS CHART? HPE looks like it has hovered around $14 for a while in this chart....what gives?
2HP trade ideas
HPE - Long idea EMA 50daysOpen position after crossing EMA50 days.
- Policy defined: Entrance the second day after crossing EMA50. Condition: The candle must be above the EMA50 at the end of the 2nd day, then the position is opened.
- For 1 year and a half HPE crossed upwards the trend line 7 times giving a positive entrance in 6 occasions.
- Tight stop loss can be defined
- Risk reward ratio 2,33
Time to Get Long HPE?HPE is showing bullish divergence on the RSI 14. There is also a bullish pin bar candlestick forming forming on the daily chart.
HPEAnother price with interesting features to go long: it stopped at key resistance, the RSI just came out of oversold and the last trading day has seen higher volume
HPE huge gap downthis trend was very nice, but looks like it's over now. on pre-market it trades below good support 22.40, if stays there i'll be looking for shorts with stop just avove and targets at 21.80/21.40/21.20
HPE playing on an uptrend channelIt is a surprised for me since HP started their Enterprise group. I was with HP before as a software consultant and a lot of things change since then. Nevertheles, HPE has a great opportunity for investors and traders alike. Here, I am going to take long when the price touches te Daily demand. Price action seems to be very bullish for this product.
BUY $HPE at $15.87BUY $HPE at $15.87
TARGET 1 Price: 17.37 Profit: 9.5% (Typical rally)
Stop/Trailing Stop: 15.44 Loss: 2.7%
