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...
HPE - Weekly Frame
This is not an advice or recommendation ....
Just a prediction...
Good luck and keep your eyes on your wallet and manage it very well...
If you check the double top formation, the MACD level, and the Bollinger band you can see that now price will go down. But the 15.70 level looks like a strong support level.
HPE may be into the latter end of a wave 5. The terminal wave in a trend pattern. Often the strongest and more persistent seeming leg. Very often a news accompanied move. If there's a huge swing up in this, I plan to short into that. And it will not matter what the news is at the time, I expect there to be bullish news. I'll take the bearish trade into bullish news.
HPE is forming a HS and a bearish flag. The sentiment of the market is bearish, I'm not waiting to finish up both formations, there is no signal of bull power. Great risk and reward ratio on this early call. It can also go deeper but will see at that time.
Top trade ideas for 2022. We are seeing some mean reversion from names at the top and names at the bottom. One use of these charts. The other use is to see relative strength. I have scanned the market for these names. Now I sort them based on performance. This allows me to track the trends and performance. It also allows me to show opportunity cost.
After a long inverted head and shoulders formation on HTFs, the price came to the top of the structure. Now it's reaccumulating on LTF, to break out above 15,40 and then continue above 16,00 once it reaches that level.
Inverted head and shoulders and Wyckoff is in play. There's a possibility that the price will move around a bit, before reaching 15,40 though, so...
