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.
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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.