HP has been held in an upward channel for a while. If we bounce of the support line, expect to reach somewhere around $17.50 in the coming week.
RSI looks like it will hold support and MACD is positive.
Hewlett 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 ...
On 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
Hewlett Packard HPE performed well last quarter. Dropped off of Head and Shoulders. May be rebounding back up to R2 at 17.73. Bear Bat possible pattern. Next upside target is moving over pivot at 16.06 and then breaching the 20 day MA. around 16.40
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. ...