HP
descending triangleThis Descending triangle looks like we should see a bottom at about 70 cents. looking at the triangle it should have a breakout around 20th of July. The earnings update may also speed up the breakout if they have another phenomenal month/quarter. Based on the past it may be around the 10th or so. If this is the case the breakout price should be around 75 cents. HP is well below the ichimoku cloud already, consult your charts to look for your entry point. Please leave a comment on your thoughts.
HP for bullish divergence w.l.HP looks like a terrific stock to own for me. I would like to get in asap, but earnings on Friday keeps me on the sidelines.
The indicators are not strong on the daily chart, but on the 4 hour they are like perfect crystalline formations. I had to zoom down and do my analysis from there. Am I breaking the rules a little? Yes, I am.
Speaking of breaking the rules, I may be drawing the Fibonacci wantingly. I could see that the current correction looked like it was at or near 50%, which is a documented level, so I included it to illustrate what I was seeing.
The structure it has come down to looks fantastic. It's no wonder price is attracted to the area. Clearly buyers and sellers thought this was a fair price. I think buyers want to see if they can get a little more out of it, and frankly, if they do I think they will be coming out ahead.
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Price action surrounding earnings, to me, is basically random, so I will wait to see if there are any opportunities to get long after the report.
HPQ Posts Q3 Earnings of 700M!HP as a whole, posted $1.2 Billion net income for the entire year last year. The company just posted it's Q3 Financials, and posted an insane QUARTERLY profit of $734 Million! Stock price is already up in pre-market about 5%, this could cause enough hype to accelerate the steady bull run the stock is on, up to its pre March price.
HP deep buy?Can a fibo 23.6 stand here as a support line, supported with RSI 50 level?
I believe so, but wse Sl is a tick under it!
HPQ - HP Stock Technical and Fundamental Analysis Technical Analysis - Hold Before buying - There are some concerns around the Printing Business (Loss of 19%)
Prices are moving inside a channel, wait to check if the support will be tested again before buying.
Fundamental Analysis
There was good news for HP (ticker: HPQ) in PCs, with flat revenues in notebooks year over year. But the printing business was badly hurt by the wholesale shutdown of offices, with revenues down 19%, including a 31% decline in commercial hardware and a 15% drop in printer supplies. The company expects continued weakness in printers and supplies in the July quarter.
From a fundamental point of view, there is an emerging concern that HP’s printer business simply won’t recover to pre-Covid levels in an environment when many workers spend less time (or no time) working from offices. With fewer workers in the office, there will be less need for printers and printing supplies.
HP reversed from resistance, potential drop!
HP reversed off its resistance at 52.17 where it could potentially drop further to 49.33.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
HP reversed from resistance, potential drop!
HP reversed off its resistance at 52.38 where it could potentially drop further to 49.01.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
HP INCORPORATION (HPQ)(NYSE) Sell $20.47 >>> Target $20.17NYSE:HPQ
HP INCORPORATION
Stock - NYSE (USA)
Expanding or Reverse Symmetrical Triangle (Short Signal)
Profit:Risk = 1.5:1
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Sell Stop (Sell) = $20.47
Take Profit = $20.17
Stop Loss = $20.67
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Take Profit = +1.47%
Stop Loss = -0.98%
HP - Look for signs of strenght. Good day everyone,
HPQ just lost about 18% of this value on a single week, 8 weeks of bullish progress ERASED!
PANIC AND BLOOD ON THE STREETS!
Ok, no.
Check daily chart, see how to volume on the selling bars is decreasing? This means the panic is slowly getting absorbed.
"Hey, this mean its time to BUY BUY BUY RIGHT?" Answer: No, at least, not YET.
Panic absorbed is a good sign yes but this just mean the market will stop panic selling ...
For buying we need panic absorbption + bullish/demand signs
As we can see the 19 usd level was a previous resistance and recently a good support level , and now the recent daily bars looks like some demand has arrived.
I'll keep an eye of the price action behaviour on this stock and IF it show demand signs i'll update it.
Enjoyed? leave a like, thanks.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
HP approaching support, potential bounce!HP is approaching our first support at 54.26 (horizontal overlap support, 50% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 58.21 (horizontal swing high resistance).
Stochastic (55,5,3) is also approaching support where we might be seeing a corresponding bounce in price.
HP approaching resistance, potential drop! HP is appraoching our first resistance at 57.84 (horizontal overlap resistance, 61.8%, 50% fiboancci retracement) where a strong drop to our first support at 51.75 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
HP Approaching Resistance, Potential Drop! HP is approaching our first resistance at 58.02 (horizontal pullback resistance, 50% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 45.07 (horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
HP Approaching Support, Potential Bounce!HP is approaching its support at 40.98 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 57.54 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 1.9% where a corresponding bounce could occur.
HP Approaching Support, Potential Bounce!HP is approaching our first support at 40.55 (horizontal swing low support, 76.4% Fibonacci retracement, 61.8% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 57.23 (horizontal pullback resistance, 61.8% fibonacci extension, 50% fibonacci retracement).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price.
HP Approaching Support, Potential Bounce!HP is approaching support at 49.56 (100% & 61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 58.07 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching support at 2.7% where a corresponding bounce could occur.
HP Approaching Support, Potential Bounce!HP is approaching its support at 58.36 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially rise up to its resistance at 65.27 (50% Fiboncci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching support where a corresponding bounce could occur.
HP possible wave count!Went with a weekly expiry put yesterday to get started in speculation of NYSE:HPQ to the downside. So far it's going OK. Will look to close it by Thursday and pick up some longer expiration puts when a little longer correction happens. This is one possible wave count. Another way I'm looking at it will be in the comments. Either way I will be looking for moves down, whether it's an impulse or a correction is the question?? What are your views?
$HP is going to 64The chart signals clear sailing for $HP to 64. Look for it to hit $70 in the next 3-6 months.
A long term perspective on GoldThis is my long term perspective on Gold, based on the Elliot Wave principle and another technique I use called Hidden Pivot. This is my first published idea and I do it simply because this is what I see currently and I'm currious to see where it will be in comparison, let's say a year or two from now... I may elaborate further on smaller TF as things develops, if it develops as I think...
HP IncHP Inc. is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. Its segments include Personal Systems, Printing and Corporate Investments. The Personal Systems segment provides Commercial personal computers (PCs), Consumer PCs, workstations, thin clients, Commercial tablets and mobility devices, retail point-of-sale systems, displays and other accessories, software, support and services for the commercial and consumer markets. The Printing segment provides consumer and commercial printer hardware, supplies, media, solutions and services, as well as scanning devices. The Corporate Investments segment includes the operations of HP Labs and certain business incubation projects.
