Thread by @malteseinvest

Analysis: #NYSE $HPQ

Case 303 #HP Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#HPQ 1/4

Chart 1
Weekly Chart: The short term trend is #bullish but the long term is #bearish. The recent down move attracted buyers resting on the #Fib. 0.618 at 13.53. Immediate #resistance at .....

HPQ 2/4

..... the pivot 21.47 and then #trendline resistance at 23.35. Formidable resistances at the 20 year trendline and #pivot respectively at 26.80 and 28.35.

HPQ 3/4

Chart 2
Daily Chart: Positive #momentum is building but price is trapped in a mini-range of 17.94-13.11.

The #Strategy is printed on the image.

$HPQ 4/4