CFD Trading –Sell HP Inc. (HP.NYS) @ $28.30. Stop @ $29.40 and Target @ $25.90.

HP Inc. Stock Code HPQ.NYS


Price tested the cloud on three occasions but was unable to move above the cloud, with the lower edge of the cloud providing stiff resistance to the price rally. Base line is also providing another layer of resistance. We think price may not be able to move above both resistances to change the outlook to bullish. Conversion and Base lines remain in a bearish crossover earlier, hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is above the cloud. MACD is bearish with both lines above the zero line. We think price is likely to move lower to the previous price support at $25.90 in the next 2-3 weeks.


$28.30                Sell

$25.90                Price Target

$29.40                Risk Management Stop

3 weeks              Trade Duration