HPQB34 trade ideas
I’ve got a FEVER, the only script is more $HPQIve got a hunch that there was a substantial jump in home printer purchases and it’s possibly not baked into the BCBA:HPQ stock price.
This is a “No Look Pass” pass..
1. trends.google.com
it’s Google search trend of the phrase “Home Printer”.. Notice the DOUBLING of searches in March.
2. “Ok, we get it Geno.. Everyone was forced to work from home early March and had to buy all this office sh!t so they could work from home. Why would NYSE:HPQ be a trade?”
Answer: Because it’s the 1st thing i realized i needed.
This is the market share breakdown in the Printer world;
1. HPQ, by and landslide share of 34%.
2. Canon CAJ, 19.5%. They reported on 4/23 and just modestly beat both revenue & earnings, for the first time in a while.
3. Epson, at 17%. It trades under the ticker SEKEY, which is Seiko Epson COR/ADR, it’s a pink sheet stock (think: Wolf of Wall Street hookers), that’s traded in the OTC over the counter market. I’m prohibited from trading OTC, but if you got access, awesome-sauce! 👍
For the HP-izzel though, there's 2 tickers.. HPQ, the computer/printer stock.. Not HPE, Bad Bad Bad.
3. HPQ reports on May 21, in a week.. and they missed pretty bad in Feb (Pre Quarentined to work from home) and lowered their estimates for this current Quarter (the Quarentine Quarter). Its the QQ son!
Canon CAJ, already reported on 4/23 and beat estimates and Epson is over the counter pink sheets.
HPQ Projection NYSE:HPQ I'm Bullish. Dividend @ $4.73% (Payout: 33%), P/E only at 7.5x, PEG at .7, ROI: 112.3%
$HPQ short swing ideaI like $HPQ short around $15 with a stop loss around $15.50ish and $14 initial profit target. I'll be looking to play this swing idea with the Apr 24 $14 puts.
Great opportunity to short great companyPerhaps I need to spend some time researching what the fundamental problems of this company are. Chart says the price may drop to post dotcom bust years.
HPQ --- Resistance seen at 24.44 But 11% room to grow for nowHPQ --- Resistance seen at 24.44 a few times now already ---- But 11% room to grow I would think still --- to reach there once more. When something is "knocking on the door" a few times... eventually I think they let 'em in. (or in this case "up"). lol. If sales can be strong and beat estimates on the street. Feb 20 is next earnings report. Only issue seen is that it is at the medium target already ---and the NEWS seen below. (article)
The average price target was sitting at $20.50 with a high forecast of $24.00 from New York analysts. It is on the right path since it did a small pullback down from its high of $25.00 + on Aug 2018, regarding the charts --- it now broke north of the down channel it was on, to the current price point of 21.98.
Reading the artcle: .... ."For more than two months now, Xerox Holdings has been pushing HP Inc. to accept its $32 billion, $22-a-share takeover bid. HP keeps giving variations of the same answer: Not interested. No, thanks. Xerox (ticker: XRX) is done asking. Last week, the printer and copier giant launched a proxy fight for control of HP (HPQ), nominating 11 directors to replace HP’s entire board. Shareholders will vote at HP’s annual meeting, which usually takes place in April. Over the past couple months, HP shares have gradually moved toward Xerox’s $22 offer price. They closed the week at $21.98, suggesting increased confidence that either a deal will get done or HP will find another way to boost the value of its stock.
HP Says Big Buyback Could Be Alternative to Xerox Takeover Bid -----HP Inc. has come out swinging in response to the move by Xerox Holdings Thursday morning to take control of the HP board of directors—and outlined several ways the company could drive increased shareholder value without any involvement from Xerox.
HP to go long NYSE:HPQ
Price was able to breach the downward channel that continued since a year back, Buyers were able to break the 200EMA as well.
If price is able to stay above the 200EMA price is expected to target the 24.00 area, but will be expected to meet resistance around the 20.60 and the 21.00 area’s
Stop-loss should be below the 200EMA sitting at 19.00.
COMPRA PUT EN 0.71$ A 19$ CON ACCION EN PRECIO 19.95$ VENCIMIECOMPRA PUT EN 0.71$ A 19$
CON ACCION EN PRECIO 19.95$
VENCIMIENTO 3 MESES
FEBRERO 21 2020
...
HPQ Short IdeaHPQ has reached Level earlier than predicted because of the merger speculation between Xerox and HP . However, there might be a good opportunity for a short at Level 2.
HP - DAILY CHART Hi, today we are going to talk about HP
We observe a D1, some important points. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
Kiss the CloudLast 10Y for Period: 1st Nov-8th Nov:
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Winning Trades: 80%
Avg Return: +2.84%
Median: +3,35%
Standard deviation: +3.13%
Check comments on the chart.
HPQ - The Counter Trend is StrongBreakout of descending trend line and headed up. TPs are on the chart. I have a small position because it is counter the overall trend. I will watch around 21.00 to see if it will breakout of the current downward channel (blue lines).
HPQ Mid term LONG! HPQ has hit a low on the RSI indicator. Has alot of room for it to go up From the bounce it gets from its support line!
HPQ H&SAnother H&S structure which I think is mature enough to trade.
Shorting with @19 September put options.
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
---
Sell Stop (Sell) = $20.47
Take Profit = $20.17
Stop Loss = $20.67
------
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.
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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 Inc $HPQ Slammed: Here Is The Quick Swing TradeShares of HP Inc (HPQ) tumbled almost 20% on the back of weak sales numbers. The stock is trading at $19.40 on its way to a double bottom on the daily chart. Based on technical analysis, HP Inc will likely cross briefly below $19.00 before staging a technical bounce. This is a quick swing trade, likely playing out in a day or two once the target buy level is achieved. Upside could be as high as $20 but once in-the-money by $0.40, use a trailing stop until $20.00 is hit.
NYSE:HPQ
Gareth Soloway
InTheMoneyStocks
HP short idea - Bounce on 200MANYSE:HPQ bounced back from 200MA. RSI and Stochastic RSI are in the overbought area. I am expecting a bearish reversal here on the D1 chart.
Entry strategy: wait for a bearish confirmation candle which cross below 22.57
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