CFD Trading – Allergan PLC & HP Inc

Allergan PLC Stock Code AGN.NYS

Outlook
Since the low in June 2019, price has been climbing in an uptrend, reaching a high of $202 in Feb 2020. Last week, price tested the cloud but the decline was halted at the lower edge of the cloud. A price recovery continued but yesterday, price broke below the cloud. This could be the start of a price correction that could bring price lower to $171. Both Conversion and Base lines had a bearish crossover last week, confirming the bearish trend. Lagging Span is below price of 26 days ago but is neutral at the moment as it is inside the cloud. MACD had a momentum peak earlier at the high and the MACD’s histogram has turned bearish. Both lines of the MACD’s indicator are pointing lower. The faster line is already below the zero line while the slower line could be about to move below the zero line.

Strategy
$188.60              Short Sell
$175.00              Price Target
$195.00              Risk Management Stop
3 weeks              Trade Duration

HP INC Stock Code HPQ.NYS

Outlook
Price has been climbing from its low in Oct 2019 and reached a high of $23.93 on 25th Feb 2020. Yesterday, price moved below the cloud and this could be the start of a new bearish trend. Both Conversion and Base lines had a bearish crossover last week, confirming the bearish trend. Lagging Span is below price of 26 days ago but is neutral at the moment as it is inside the cloud. MACD has been giving bearish divergence warnings when price was making new highs. MACD’s histogram has turned bearish. Both lines of the MACD’s indicator are pointing lower. The faster line is already below the zero line while the slower line could be about to move below the zero line.

Strategy
$19.90                Short Sell
$16.90                Price Target
$21.90                Risk Management Stop
3 weeks              Trade Duration


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