kbgeresy

HP to go long

Long
NYSE:HPQ   HP Inc.
HPQ

Price was able to breach the downward channel that continued since a year back, Buyers were able to break the 200EMA as well.
If price is able to stay above the 200EMA price is expected to target the 24.00 area, but will be expected to meet resistance around the 20.60 and the 21.00 area’s
Stop-loss should be below the 200EMA sitting at 19.00.
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