short term fluctuations and current price rejection is possibly signaling the start of a short position with a possible reentry between 14-16 if entry allows it with obvious uptrend.
Currently false breakout and would be ideal for exit if one were to protect his/her capital.
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...
Short when the price break through the bottom trend line. Wait for confirmation.
Monitor and close the trade if the trend changes and move above the trend line.
Target price: 15.10
Hewlett Packard Enterprise ( NYSE:HPE ) is reportedly in advanced talks to acquire Juniper Networks ($JNPR.) in a deal valued at approximately $13 billion. This strategic maneuver aims to fortify HPE's position in the evolving AI space and capitalize on Juniper's expertise in AI-driven networking and security technologies.
The Dynamics of the Deal:
The potential...
HPE is revisiting the supply zone, marking an excellent selling opportunity. We're seizing this chance to go short at the current price.
Our outlook suggests a significant price decline, with focus on two support levels: one around the double Fibonacci near $14.2 and the other at the key demand zone around $13.8. This aligns with the downtrend trendline, expected...
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.
Technology stocks have pulled back sharply in the last week, but Hewlett Packard Enterprise is breaking out.
The first pattern on today’s chart is $17.76, where HPE peaked in February 2022. The stock ripped through that level on Tuesday to make a new five-year high.
Next, consider how prices briefly dipped under Monday’s low before rallying. The result was a...
My bull in this bear market not much yield but thats cool
crazy to be seeking a long with this hardware firm when production going to be slow soon due to
global crisis effects on supply chain
SENNA SEASON
The PEAD projected a Bullish outlook for $HPE after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 40%.
- On daily time frame, macro uptrend
- Triple top formation from roughly Jan 14th 22 through end of March 22
- Triple bottom formation being formed now. Starting end of January 2022 forming at the beginning of April 2022
- HPE entering support zone between $15.35 and $15.68
- Upper level resistance at $17.46 to $17.75
- Uptrend/sideways action intact so long...
