HP, INC - BULLISH SCENARIO
HP Inc. is the largest U.S.-based manufacturer of personal computers and the second-biggest worldwide, with an 18.7% share of the global market. The company sells desktop and notebook computers, workstations, retail point-of-sale systems, displays, printers and hardware, and support and services. HPQ holds 27,000 patents and operates in 170 countries globally.
The company was one of the purchases of Warren Buffet back in April.
Although the 20% shipments drop its commercial PC business remained strong, with revenue jumping 26% year over year.
A bullish impulse is expected to the 0.618 Fibonacci level, with a $35 price target.
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The company was one of the purchases of Warren Buffet back in April.
Although the 20% shipments drop its commercial PC business remained strong, with revenue jumping 26% year over year.
A bullish impulse is expected to the 0.618 Fibonacci level, with a $35 price target.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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