HPE potential trend reversalAfter HPE has formed a double top, we might be witnessing a long-term trend reversal, from up to down. Yet the price is likely to stay within the range for some time and we are aiming for the bottom of that range.
HPE trade ideas
Hewlett Packard’s Sneaky BreakoutTechnology stocks have pulled back sharply in the last week, but Hewlett Packard Enterprise is breaking out.
The first pattern on today’s chart is $17.76, where HPE peaked in February 2022. The stock ripped through that level on Tuesday to make a new five-year high.
Next, consider how prices briefly dipped under Monday’s low before rallying. The result was a bullish outside candle.
Third, higher lows since late June have produced an ascending triangle. Tuesday's surge represents a breakout from that potentially bullish continuation pattern.
Fourth, the 8-day exponential moving average (EMA) has remained above the 21-day EMA since late May.
There’s no clear reason for HPE’s strong price action. Guidance was cut after the last quarterly report, but the company unveiled an Artificial Intelligence (AI) platform about three weeks ago. The next quarterly report is on August 29.
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HPE Sell short-termWe are shorting from now and expecting a strong correction, unless a new higher high will be produced.
HP LONG ANALYSISMy bull in this bear market not much yield but thats cool
crazy to be seeking a long with this hardware firm when production going to be slow soon due to
global crisis effects on supply chain
SENNA SEASON
$HPE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $HPE after a Positive Under reaction following its earnings release placing the stock in drift A.
HP (Hewlett Packard) downtrend is about to continueWe are right at the top of the descending channel. At the same time price is near the supply area. Interesting timing for sellers....
$HPE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $HPE after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 40%.
HPE - H&S GaloreHead and shoulders patterns everywhere!
The left head and shoulder pattern is the structure for the larger left shoulder!
Pretty cool
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
$HPE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $HPE after a Positive Under reaction following its earnings release placing the stock in drift A.
HPE Forecast: 2.98% Increase2.27% Price Increase (Break Out Candlestick)
2.98% Price Increase (Retest Candlestick)
HPE BreakoutWeekly chart. Breakout is possbile. not a huge return. but also supported by analysts' rating of $20 expectations.
HPE - WEEKLYHPE - Weekly Frame
This is not an advice or recommendation ....
Just a prediction...
Good luck and keep your eyes on your wallet and manage it very well...
Is it going down? What do you think?If you check the double top formation, the MACD level, and the Bollinger band you can see that now price will go down. But the 15.70 level looks like a strong support level.
HPE short limit order HPE may be into the latter end of a wave 5. The terminal wave in a trend pattern. Often the strongest and more persistent seeming leg. Very often a news accompanied move. If there's a huge swing up in this, I plan to short into that. And it will not matter what the news is at the time, I expect there to be bullish news. I'll take the bearish trade into bullish news.
HPE exhausting, down down!! DailyHPE is forming a HS and a bearish flag. The sentiment of the market is bearish, I'm not waiting to finish up both formations, there is no signal of bull power. Great risk and reward ratio on this early call. It can also go deeper but will see at that time.
Top Trade Ideas for January 2022Top trade ideas for 2022. We are seeing some mean reversion from names at the top and names at the bottom. One use of these charts. The other use is to see relative strength. I have scanned the market for these names. Now I sort them based on performance. This allows me to track the trends and performance. It also allows me to show opportunity cost.
HPE IS GOOD TIME TO TAKE PROFIThpe is good time to take profit till next company meeting and devidend.
Possible Inverse head and shouldersThere is a possibility for inverse head and shoulders on HPE.
Wait the retest on neckline.
Stop loss under the head
HPE HS Break with back testAs described in title. Mid to long term swing. Head and shoulders break with backtest.
HPE reaching the top of the inverted H&S / possible LTF breakoutAfter a long inverted head and shoulders formation on HTFs, the price came to the top of the structure. Now it's reaccumulating on LTF, to break out above 15,40 and then continue above 16,00 once it reaches that level.
Inverted head and shoulders and Wyckoff is in play. There's a possibility that the price will move around a bit, before reaching 15,40 though, so only time will tell. I'm counting on this happening within the next few days.
HPE (Hewlett Packard Enterprise Company) Target Price 15.89HPE Entry Price 15.46
EMA 10 Close Price 15.23
EMA 20 Close Price 15.14
