Why did HPE Breakout?

As shown on the one-hour chart, in the last trading session, HPE broke out of its usual trading

the range being the blue high-volume area on the profile. This is with increased volatility as

shown by the indicator and the large top wicks on the rising green candles. Why did this

occur? Were traders simply buying anything in the IT sector vaguely related to AI after the

NVDA breakout? Does HPE have a role in artificial intelligence? Was this a sympathy play?

The Luxalgo Supply / Demand indicator shows supply immediately overhead. The wicks on the

last several candles show a defined level. This might be called a " tweezer top " Overall,

I see this as an excellent short setup to be played with either short selling or a put option as the

retracement seems inevitable.

İşlem aktif:

trading is consolidated. Holding for retracement.

İşlem kapandı: hedefe ulaştı:

HPE finally got the big drop. Call options closed at 35% ROI. Will now watch for the
bounce up from the retracement down. Got enough to buy office heavy duty lazer printers for a dozen friends. Looking for more profit from the volatility. Will go
long when the zag starts zigging.

İşlem aktif:

HPE rebounded long position re-entered

İşlem aktif:

HPE is in a rising channel and appears ready for an entry at the lower support
trendline.

Yorum:

target 19- both shares anc call options taken.