HPQ got rejected at the channel median. HPQ CEO sold part of his holdings on 3 Jan.
Elliott:
We are able to count a complete 5-waves move up, suggesting the trend could reverse soon, or has reversed already.
Oscillators:
The Stochastic is overbought and the RSI shows a bearish divergence.
Geometry:
The channel median provided resistance on 3 Dec and might do so again.
How to trade it:
An idea could be to test a short position and observe if HPQ can break the green support diagonal around 36.3. Price often continues to climb after prominent insider sells, until it breaks down a few days later. The idea is invalidated if HPQ breaks the channel median (blue line) to the upside.
Elliott:
We are able to count a complete 5-waves move up, suggesting the trend could reverse soon, or has reversed already.
Oscillators:
The Stochastic is overbought and the RSI shows a bearish divergence.
Geometry:
The channel median provided resistance on 3 Dec and might do so again.
How to trade it:
An idea could be to test a short position and observe if HPQ can break the green support diagonal around 36.3. Price often continues to climb after prominent insider sells, until it breaks down a few days later. The idea is invalidated if HPQ breaks the channel median (blue line) to the upside.
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.
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.