HPE trade ideas
Profit Potential Alert: Shorting HPE at Supply Zone!HPE is revisiting the supply zone, marking an excellent selling opportunity. We're seizing this chance to go short at the current price.
Our outlook suggests a significant price decline, with focus on two support levels: one around the double Fibonacci near $14.2 and the other at the key demand zone around $13.8. This aligns with the downtrend trendline, expected to serve as additional support.
All details, including stop loss, take profit levels, and real-time updates on trade exit are shared in our channel.
HPE Ascendancy: Breaking Resistances and Setting New BenchmarkUndoubtedly, HPE is on an upward trajectory.
The support has remained robust, and the bulls have successfully breached the resistance.
This suggests a dominant buying momentum, and the chances of continued upward movement are substantial.
We're seizing this buying window, anticipating a swift surge.
With a relatively high RR, we're prepared for all possible scenarios.
HPE Hewlett Packard Enterprise Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of HPE Hewlett Packard Enterprise Company prior to the earnings report this week,
I would consider purchasing the 16usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $1.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Hewlett Packard’s Sneaky BreakoutTechnology stocks have pulled back sharply in the last week, but Hewlett Packard Enterprise is breaking out.
The first pattern on today’s chart is $17.76, where HPE peaked in February 2022. The stock ripped through that level on Tuesday to make a new five-year high.
Next, consider how prices briefly dipped under Monday’s low before rallying. The result was a bullish outside candle.
Third, higher lows since late June have produced an ascending triangle. Tuesday's surge represents a breakout from that potentially bullish continuation pattern.
Fourth, the 8-day exponential moving average (EMA) has remained above the 21-day EMA since late May.
There’s no clear reason for HPE’s strong price action. Guidance was cut after the last quarterly report, but the company unveiled an Artificial Intelligence (AI) platform about three weeks ago. The next quarterly report is on August 29.
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HPE: Tripple Bottom
- On daily time frame, macro uptrend
- Triple top formation from roughly Jan 14th 22 through end of March 22
- Triple bottom formation being formed now. Starting end of January 2022 forming at the beginning of April 2022
- HPE entering support zone between $15.35 and $15.68
- Upper level resistance at $17.46 to $17.75
- Uptrend/sideways action intact so long as no daily closure below support level
- Support at EMA 200 being tested and held
-RSI is also close to oversold territory. This will likely be in the buy zone (the support level)
- Purchase in buy zone (Current Support)
- Golden pocket of Fib in support zone
HPE short limit order HPE may be into the latter end of a wave 5. The terminal wave in a trend pattern. Often the strongest and more persistent seeming leg. Very often a news accompanied move. If there's a huge swing up in this, I plan to short into that. And it will not matter what the news is at the time, I expect there to be bullish news. I'll take the bearish trade into bullish news.
Top Trade Ideas for January 2022Top trade ideas for 2022. We are seeing some mean reversion from names at the top and names at the bottom. One use of these charts. The other use is to see relative strength. I have scanned the market for these names. Now I sort them based on performance. This allows me to track the trends and performance. It also allows me to show opportunity cost.