TRADE THE CHANNEL

Updated
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.
Note
I meant to say it looks like it will reach $17.50 in the coming weeks.
Note
Resistance has been broken, so the target is now obsolete
Note
** support has been broken
Technical IndicatorsParallel ChannelTrend Analysis

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