HPQ trade ideas
HP UpTrendBasic Technical analysis.Identify the trend."Trend is your friend"
Higher lows = UpTrend , Lower Highs = DownTrend
During an uptrend, watch for crack under support.
While in a downtrend, watch for break above resistance
Testing strong weekly support zone$HPQ is in a downtrend since its latest peak in Jan 2015.
The stock completed a 61.8 Fib retracement and it is now testing a major structure support near the psychological level of 10$
RSI (weekly) shows bullish divergence and in the daily chart we see that the price reached 127 Fib extension level that is considered to be a profit taking target (currently for bears).
9-10$ is the weekly reversal zone to monitor in $HPQ over the next few weeks.
Potential targets - 11$, 11.5$ and 12$ (200 weeks SMA line)
Tomer, The MarketZone
This analysis is part of the Weekly Markets Analysis newsletters
To read more interesting technical reviews for the week goo.gl
To subscribe to the newsletters - goo.gl
Follow my blog - goo.gl
Subscribe to my Youtube channel - goo.gl
HPQ reinventing itselflike IBM , HPQ is not giving up in the business .
I know HPQ from tthe 70's as a mesurment equipment manufcture
they have moved into computers now look into a new thought on the memory which affects the arcatecture and cpu to quote the article "HP’s belief is that memristors will be much faster, more efficient, and able to store far more data than the high-speed DRAM and Flash memory used in servers today. To take full advantage of that power, a computer maker would have to revamp its operating system and data pathways to handle unprecedented volumes of information. "
www.businessweek.com
INTC has also copyrighted/patanted ideas to be used by this paragan
so we have AMD/ARMH with HSA Foundation & neuromorphic harmony
AND HPQ AND intel with versions of multi-input lateral spin valves (LSV) and memristors
www.extremetech.com
HPQ - SMA20 & 50 cross and support + UpgradeChart speaks for itself.
Play the breakout and price confirmation above $34-35 to reach new high if we consider the recent analyst upgrades and concensus.
HPQ: Great Set Up for Both Bull and BearThis chart is very interesting to me. First check out that near perfect triangle formed by the resistance and support lines. I think this is going to set up a great trade in the bottom right of the triangle. For now now HPQ has a little room to run to the 34 area before butting into the trend line and turning back down to test the support region of $31-32. That alone could be a nice $2 short trade, but I am more interested in the potential set up afterwards. Interestingly enough the timing can set right in line with the earnings announcement at the end of May. At that point if your bullish HPQ you can buy in the support zone of 31-32 with a stop at 30.74-29.97 depending on your appetite of risk. If you are bearish, simply flip the buy and stop zones. In other words short it at 30.74-29.97 and place your stop in the 31-32 range. It comes down to if you believe in the company or not. A couple quick notes on the fundamentals of the company that I would like to point out. YOY EPS showed growth, but revenue dropped and is expected to drop again in the second quarter. The most alarming stat to me is the fact that cash flow per share dropped from 1.54 to just .40. Thats right FOURTY CENTS. Thats huge. The case for the bulls is the bar is set so low that it wouldnt be hard for HPQ to show up with a surprise. Again it comes down to your own analysis and whether or not you believe in the company.
Massive Top Formation in Hewlett-PackardThis chart speaks for itself.
Any additional thoughts?
Tim
32.60 1:23PM EST
(LIVE TEST) - STEVE PRIMO #8 SETUPS (DAY 3) HPQ - scanner picked up, there is an error in the code, possibly in my scanner or in TV.
PFE - Long setup
MU and PG Short setup
HPQ Long Trade Plan Based on DemandSame reasons as AXP trade...
With the S&P trending up and at weekly demand, and HPQ basically
mirroring it, having pulled back to an objective level of weekly
demand from the pivot low in mid oct 2014 where price
rocketed off. I am hoping that there will be some unfilled
buy orders or a large enough supply/demand imbalance to push price
higher. My entry on this trade will be a tick above 38.00
Should it trigger I will use a time stop as IMHO if momentum doesn't
step in shortly it probably isn't there.
HPQ - Will it get it's legs back?The volume has been on the low side recently. The EMA’s are headed higher with bullish separation and angle. The SMA’s are headed bullish. Stochastics are giving a buy signal in the (slight) overbought territory, but they have room to move if needed, RSI is headed higher and isn’t oversold quite yet and MACD is catching up with itself to eek out a sell signal, but right now it hasn’t. BB are converging and looking to be broken if the trigger is hit. ADX is resting around 33 with room to run. R:R would be almost 1:1.5.
Trigger $38.30
Stop is $35.98 (could get away with $36.54)
Target is $41.50.
Not a good R:R.
A fractal from Palo AltoChart looks to be tracking an expanded version of the 2006-07 cycle. A Mandelbrot, chained in an action/reaction downtrend, which has just been tested. Swings since October 2013 are practically the same, as the inv h&s is completed now. What's impressive is the coincidence of the upcoming earnings, today AMC.
Sell Zone in HP after breaking down two ascending channelsThis setup is part of the Weekly Markets Analysis newsletter - goo.gl
$HPQ experienced a strong breakdown of its trading channel in the Mid October sell off.
Since than the stock bounced from the 200 SMA line (see in the blog post) and traveled inside a very tight ascending channel all the way to test the 37$ resistance zone.
Last week the stock broke down below the tight channel. Despite the latest push higher, the stock is still testing broken channel and important resistance zone - That gives us potential sell zone.
Hewlett-Packard: Buying The DipH&S target is not reached yet so I'm expecting another wave up.
Buying blindly and looking to take profit this year.
We might see prices around 50 in June, 2015
HPQ set up for diagonal grids (disjoint tool, fib channels)HPQ There are some diagonal grids for HPQ if you are interested. The pink down angle is part of a disjoint tool angle anchored off the 2 red ellipse points. the pink (purplish because it's overlaid on top of other angles) is the reflected angle in disjoint position (centers not lined up over each other). The fib channel is then laid over the disjoint down angle and spread apart until other points line up (down angles). The same process is done for the disjoint up angle and the fib channel laid over it. I use a calculator and the inputs in format to make the distance between lines the same up as down. The up and down angles at this SCALING are both 14 degrees. I have other charts in publlished that experiment with this idea. There are more objects in the objects tree. I made 2 scale settings. One for this (vertical purple arrow) and one for the fib speed arcs (in the objects tree. I used the "apost" equation in ideas (for my TI-85) to calculate the vertical distance between parallels. This is precisely set up and calculated from the format inputs.
HPQ - looks sexy after years... if not in then do it NOW!HPQ did not look attractive for many years but it seems it's back on track. Fundamentally and technically.
For cautious investors await 38+ breakout - but if you have a look at the daily chart we see a "buy the dips" opportunity.
HPQ - Long with the trendThis stock just trends higher and higher. After every decline to the Wave, it is time to buy. At a point, the stock will go down, but until then, the safe bet is to the upside.
Hewlett Packard Daily (18.08.2014) Tech Analysis EMAThis week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The Hewlett Packard Share (HPQ) Daily Diagram Technical Analysis Training shows the following:
The HPQ share has made a bullish engulfing last Friday. There is a sense of bull market because the EMA 50 is above EMA 100 & EMA 200 and EMA 100 is above EMA 200 too.
MACD however has a narrow negative divergence and now has given a bear signal above the zero line. RSI moves to 50.
The fib has a 2.618 level of resistance for two local tops @ $35.78.
MACD & Candlestick pattern say short for EMA 50 first and EMA 100 secondly.
Stop loss above 35.78.
HPQ Hewlett- Packard Short Term Buying OpportunityHPQ Hewlett- Packard Short Term Buying Opportunity
Wait for completion of the Bullish Shark pattern before entering long.
HEWLETT-PACKARD 2014 RALLY TO CONTINUE - SUPPORTED BY 50MAThe 50MA has provided an almost unbreakable support for HPQ since the beginning of the year. Although the stock has consolidated the past week or so I see the rally to continue in light of earnings on the 20th towards the $37 price.
Hewlett Packard Daily (11.08.2014) Technical Analysis TrainingThe Hewlett Packard (NYSE:HPQ) Daily Diagram Technical Analysis Training shows the following:
The HPQ share has made a long term development with the support of the trend line (light blue) for 7 months. This support line is over the KUMO, which means that the HPQ is bullish in long term (from January 2014). The weekly diagram shows bullish trend. The monthly has got itself into the KUMO beating the $35 resistance.
So the first think in mind is that HPQ is bullish for $35.72 as a price target of 2.618 of fib for 2nd time. MACD is turning bullish and RSI too. The volume is the usual.
We have no special candlestick pattern. The share is above the KUMO and above the Kijun Sen (blue line) and the Tenkan Sen (light green line) too (it has to close above it today otherwise it will make some consolidations).
There is no special pattern. The fib from $20.66 to $26.44 shows a 2.618 top at $35.78.
Long for 35.78 first. Stop loss only under the Kijun Sen.
