HP Inc. Stock Code HPQ.NYS
Outlook
Price broke and closed above the cloud in the previous trading session, changing the chart outlook to bullish. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago but is below the cloud at the moment. MACD is bullish with both its lines above the zero line. If price can stay above the cloud, it could be heading towards the next price resistance at $34.97 in the next 2-3 weeks.
Strategy
$30.47 Buy
$34.95 Price Target
$27.75 Risk Management Stop
3 weeks Trade Duration
