HPE: Tripple Bottom
- 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 as no daily closure below support level
- Support at EMA 200 being tested and held
-RSI is also close to oversold territory. This will likely be in the buy zone (the support level)
- Purchase in buy zone (Current Support)
- Golden pocket of Fib in support zone
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.