HPE trade ideas
Hewlett Packard Possible rebound to R2Hewlett Packard HPE performed well last quarter. Dropped off of Head and Shoulders. May be rebounding back up to R2 at 17.73. Bear Bat possible pattern. Next upside target is moving over pivot at 16.06 and then breaching the 20 day MA. around 16.40
Earnings flag - breakoutHewlett Packard Gapped up nicely on earnings and looks to have flagged printed inside day with high vol Friday. Will look to buy breakout just above previous days high 19.30
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
Hewlett Packard12.70 the level i'm watching... if we get a bounce from here i'll get long.
Break 12.70 and i'll be short
HPE Reversing HigherHPE has retraced nearly all of its September 12 - October 2 rise, and is now showing solid signs of reversing off its low. Note that earnings come out after the close on Tuesday.
WHAT IS WRONG WITH THIS CHART? HPE looks like it has hovered around $14 for a while in this chart....what gives?
HPE - Long idea EMA 50daysOpen position after crossing EMA50 days.
- Policy defined: Entrance the second day after crossing EMA50. Condition: The candle must be above the EMA50 at the end of the 2nd day, then the position is opened.
- For 1 year and a half HPE crossed upwards the trend line 7 times giving a positive entrance in 6 occasions.
- Tight stop loss can be defined
- Risk reward ratio 2,33
Time to Get Long HPE?HPE is showing bullish divergence on the RSI 14. There is also a bullish pin bar candlestick forming forming on the daily chart.
HPEAnother price with interesting features to go long: it stopped at key resistance, the RSI just came out of oversold and the last trading day has seen higher volume
HPE huge gap downthis trend was very nice, but looks like it's over now. on pre-market it trades below good support 22.40, if stays there i'll be looking for shorts with stop just avove and targets at 21.80/21.40/21.20
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.
BUY $HPE at $15.87BUY $HPE at $15.87
TARGET 1 Price: 17.37 Profit: 9.5% (Typical rally)
Stop/Trailing Stop: 15.44 Loss: 2.7%
