Solid News
Hewlett-Packard Co., Technical Analysis
8/19/2022 11:29 AMThe shares of Hewlett-Packard Co., an American IT company providing hardware and software services, are moving within a corrective trend around 35.20.
On the daily chart, the price returned to the wide sideways channel 34.00–40.00 and is trying to continue growing towards its upper border.
On the four-hour chart, a local upward impulse develops in the form of a narrow corridor with dynamic boundaries at 34.00–36.00 and keeping quotes in this range temporarily excludes the possibility of a reverse exit from the global channel.
Technical indicators keep a stable buy signal: fast EMAs on the Alligator indicator expand the range of fluctuations upwards, and the AO oscillator histogram forms rising bars.
Solid ECN Securities is an international brand formed and authorized in Saint Vincent and the Grenadines with the registration number 1390 LLC 2021 committed to offering the best possible trading experience.
Disclosure: Please note that foreign exchange and other leveraged trading involve a significant risk of loss. It is not fit for all investors and you should make sure you realize the risks involved, seeking independent advice if necessary.
Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2023 SolidECN.com