Antony_NPBFX
Active Member
- Messages
- 1,243
- Joined
- Aug 2, 2016
- Messages
- 1,243
- Reaction score
- 8
- Points
- 35
Hewlett-Packard Co.: technical analysis 29.03.2023
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Hewlett-Packard Co. for a better understanding of the current market situation and more efficient trading.
The shares of Hewlett-Packard Co., the US IT giant, are on a corrective trend at 27.60.
On the daily chart, the price is holding within the global Triangle pattern with dynamically narrowing boundaries of 27.00–31.00, reaching its support line.
On the four-hour chart, it can be seen that if the local low of March 13 at 27.00 is broken, the main signal will be received for further decline along the resistance line of the global downtrend on the weekly chart. If kept, the quotes may return to the middle of the formation at 29.00.
Technical indicators keep a sell signal: fast EMAs on the Alligator indicator move away from the signal line, and the AO histogram forms new bars, falling in the sell zone.
Trading tips
Short positions may be opened after the price drops and consolidates below 27.00 with the target at 25.00. Stop loss — 28.00. Implementation period: 7 days or more.
Long positions may be opened after a reversal, growth, and consolidation of the price above 29.00 with the target at 31.00. Stop loss — 28.00.
Use more opportunities of the NPBFX analytical portal: E-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Hewlett-Packard Co. and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Hewlett-Packard Co. for a better understanding of the current market situation and more efficient trading.
The shares of Hewlett-Packard Co., the US IT giant, are on a corrective trend at 27.60.
On the daily chart, the price is holding within the global Triangle pattern with dynamically narrowing boundaries of 27.00–31.00, reaching its support line.
On the four-hour chart, it can be seen that if the local low of March 13 at 27.00 is broken, the main signal will be received for further decline along the resistance line of the global downtrend on the weekly chart. If kept, the quotes may return to the middle of the formation at 29.00.
Technical indicators keep a sell signal: fast EMAs on the Alligator indicator move away from the signal line, and the AO histogram forms new bars, falling in the sell zone.
Trading tips
Short positions may be opened after the price drops and consolidates below 27.00 with the target at 25.00. Stop loss — 28.00. Implementation period: 7 days or more.
Long positions may be opened after a reversal, growth, and consolidation of the price above 29.00 with the target at 31.00. Stop loss — 28.00.
Use more opportunities of the NPBFX analytical portal: E-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Hewlett-Packard Co. and trade efficiently with NPBFX.