HPQ breaking out of a 10 month base cup and handle pattern!
* Excellent earnings year over year
* Strong up trend
* High 3-month relative strength of 2.29 in the Tech sector
* Breaking out of a ~10 month base
* Clean break with higher than average volume
* Currently 2.83% above the broken level
* Maximum probable ROI 44.94%
Trade Idea:
* You can enter now if you don't mind a little volatility and want to catch the bigger move.
* However, if you are looking for a better entry you can look for an opportunity around the $38.12 area.
* Strong up trend
* High 3-month relative strength of 2.29 in the Tech sector
* Breaking out of a ~10 month base
* Clean break with higher than average volume
* Currently 2.83% above the broken level
* Maximum probable ROI 44.94%
Trade Idea:
* You can enter now if you don't mind a little volatility and want to catch the bigger move.
* However, if you are looking for a better entry you can look for an opportunity around the $38.12 area.
Yorum:
$HPQ is still offering a great entry and did come back up as a signal to go long!