HPQ path potentials Highlights* With the confirmation in place with a close above 76c I would really like to see a continuation candle to bolster support for the bulls. 1.) Blue Path would most likely need a catalyst (NR) to acheive (20%) 2.) Green Path the current most likely path with no fundamental change in business (60%) 3.) Red Path the least likely path...
An inverse hammer has formed on HPQ, I will look for confirmation (volume + RSI + price action above or near to the top of the previous candle (.75c))
$NOVR Another Juicy Inverted Hammer that I will be looking for confirmation on monday am to enter in a day trade position as I already have quite a large core. I would also be looking to add a swing trade position if we see any price breakdown into the rectangle.
Seems pretty obvious the massive volume on the 1st of december was in part thanks to shorts heading for the hills, In theory the shorts may have decided to attack a weakness when no NR was released today, and yesterday. The fact the 50 fib level has held up with a bottom wick as support is extremely bullish in my eyes. GLTA involved! TSXV:HPQ