HPQContinued..
the correction wave started from bottom of Nov with impulsive wave as a. the prices retraced to 38.2% of a. Finally, the c wave formed as diagonal wave. the negative divergence in MACD act as a key feature between wave 3 and 5. I suppose the HPQ reach to considerable resistance and the price could be decline when the c wave complete. I suggest to build short or PUT option strategies with this stock. The stop loss is very near from resistance.
