Weekly analysis: - Nice weekly semi hammer with volume spike - Nice 3 red weeks in a row - Not much resistance up to hit 2R Daily analysis: - Bullish spinning top with volume spike - Big bullish candle the day before - Not much resistance up to hit 2R Intraday analysis: - Semi hammer with volume spike at the end of the day - Higher lows
HP reversed off its resistance at 52.17 where it could potentially drop further to 49.33. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
HP is approaching its resistance at 51.84 where it is could reverse down to its support at 49.33. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
HP reversed off its resistance at 52.38 where it could potentially drop further to 49.01. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
HP reversed off its resistance where we could see a further drop to its support.
Have a great day all
HP broke past its major support where we expect to see it drop further.
HP is approaching support where a potential bounce to its resistance could occur.
Will see HP Sep 20th -- 70 calls gl
HP is approaching our first resistance (horizontal overlap resistance, 100% fiboancci extension, 61.8% Fiboancci retracement) where a strong drop might occur below this level pushing price down to our first support. Stochastic is also approaching resistance where we might see a corresponding drop below this level.
HP is approaching its resistance where a reversal could occur.
HP is approaching its resistance where a reversal could occur.
HP is approaching support where a potential bounce to its resistance could occur.
HP is approaching our first support at 54.26 (horizontal overlap support, 50% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 58.21 (horizontal swing high resistance). Stochastic (55,5,3) is also approaching support where we might be seeing a corresponding bounce in price.