HPQ Entry, Volume, Target, Stop, Resistance
Updated
Entry: when price clears 31.47
Volume: with daily volume greater than 8.49M
Target: 36.00 area
Stop: Depending on your risk tolerance; 29.98 gets you 3/1 Risk/Reward - I would close the trade immediately if proves moves lower after earnings!
Resistance: 35.30-35.75
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Volume: with daily volume greater than 8.49M
Target: 36.00 area
Stop: Depending on your risk tolerance; 29.98 gets you 3/1 Risk/Reward - I would close the trade immediately if proves moves lower after earnings!
Resistance: 35.30-35.75
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Note
I posted this exact same idea on 5/29, but baled on it after earnings. (see link in related ideas). Can we break out with volume this time up?Trade active
And there it is, volume and price.Note
Price dropping on descending volume, I'm still feeling good about the trade but it is right there below the 29.98 stop loss so we'll see how it goes tomorrow.Note
Sold 1/2 just before close.Note
Trading sideways on decreasing volume - looks strong.Trade closed: stop reached
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