Antony_NPBFX
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Hewlett-Packard Co.: technical analysis 03.05.2024
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.
Shares of Hewlett-Packard Co., an American information technology giant, are moving in a corrective trend at 27.94.
On the daily chart, the price is trying to consolidate below the support line of the sideways corridor 27.60–31.00.
On the four-hour chart, the current trend may receive significant support after breaking through the year’s low of 27.50, which will allow the quotes to reach the early autumn low of 25.00 but in the event of a reversal and a breakout of last week’s high of 28.50, an increase to the channel resistance line of 31.00 is expected.
Technical indicators are holding a sell signal: fast EMA on the Alligator indicator are far from the signal line, and the AO histogram is forming corrective bars below the transition level.
Trading tips
Short positions may be opened after the price declines and consolidates below 27.60, with the target at 25.80. Stop loss – 28.50. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 28.40, with the target at 30.00. Stop loss – 27.60.
Use more opportunities of the NPBFX analytical portal: economic calendar
Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration 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.
Shares of Hewlett-Packard Co., an American information technology giant, are moving in a corrective trend at 27.94.
On the daily chart, the price is trying to consolidate below the support line of the sideways corridor 27.60–31.00.
On the four-hour chart, the current trend may receive significant support after breaking through the year’s low of 27.50, which will allow the quotes to reach the early autumn low of 25.00 but in the event of a reversal and a breakout of last week’s high of 28.50, an increase to the channel resistance line of 31.00 is expected.
Technical indicators are holding a sell signal: fast EMA on the Alligator indicator are far from the signal line, and the AO histogram is forming corrective bars below the transition level.
Trading tips
Short positions may be opened after the price declines and consolidates below 27.60, with the target at 25.80. Stop loss – 28.50. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 28.40, with the target at 30.00. Stop loss – 27.60.
Use more opportunities of the NPBFX analytical portal: economic calendar
Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration 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.