Hewlett Packard Enterprise Co. (HPE / USD) __ NYSEPrices of Interest 🧐🤔:
$9.41
$10.87
$11.56
Profit prices to consider 🧐🤔:
$20.97
HPE
Hewlett Packard (HPE) long.All description on the chart.
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Analysis of HEWLETT-PACKARD 9.10.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 16.15
• Take Profit Level: 15.15 (100 pips)
If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 17.00
• Take Profit Level: 17.50 (50 pips)
USDCHF
A possible short position in the breakdown of the level 0.9910
USDJPY
A possible long position at the breakout of the level 107.45
EURUSD
A possible long position at the breakout of the level 1.0990
GBPUSD
A possible short position in the breakdown of the level 1.2190
$NTNX - 35 Acting as major support.The combination of chart technicals, business model, macro tech trend, partnerships, competitive positioning, etc. is starting to develop a strong bullish case for Nutanix.
I understand that it previously had a bearish gap down on big volume after an earnings announcement and traded below $35 for a short period of time. After that it rallied back above the $35 dollar price area and is now starting to retrace about 50% of the recent earnings gap down. Based on these technical chart indications, I feel that the market's price discovery mechanism is suggesting that there is willingness to accumulate here.
Beyond the technicals, you have the recent announcement of a partnership with Hewlett Packard Enterprise ($HPE) which is a world class technology organization. I believe this formation of an alliance should create value-add synergies that will further escalate Nutanix's leadership position. Speaking of leadership positioning, Gartner also recently released their report/analysis on the hyperconverged infrastructure marketplace. This report allows us to have a strong visual on the marketplace competitors and their ability to execute and demonstrate vision. Acting as confirmation, this report shows Nutanix being the clear leader which ultimately reinforces my longer term bullish thesis for this security.
As always guys, this is not a recommendation to buy or sell! Just my opinion on where I believe this security will travel to next. :P
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Buying HPE sharesOn the daily chart of HPE shares, the price has changed the trend direction into a bullish one after AO divergence. In my opinion, the instrument is at the beginning of the 5th Elliott wave of a bullish cycle, which gives more strength for a future growth if the price breaks the signal level in a form of the latest fractal
HPE - "Hell-lett" Going Back Down to Hell?Generally the wedge struggled through the whole of 2017 to breakout, and it finally did to the upside.
To me, here late longs are getting trapped and the stock could have a reversal from their exit selling pressure & entering shorts.
Let's see if I entered a bear trap or this is indeed a devil's advocate move; I could be totally wrong.
Do as you may now Mr. Market.
Stop at 16.85
Target at 16.00
HPE playing on an uptrend channelIt is a surprised for me since HP started their Enterprise group. I was with HP before as a software consultant and a lot of things change since then. Nevertheles, HPE has a great opportunity for investors and traders alike. Here, I am going to take long when the price touches te Daily demand. Price action seems to be very bullish for this product.
