July 11, 2013

Hewlett Packard Chart analysis

  • HPQ Daily chart shows price testing a possible resistance line. This line must be crossed for a bigger up move to happen.
  • Second chart with Fib levels in weekly chart shows price testing 78.6% Fib level. This level must be crossed on weekly closing basis for a possible move towards 30 Levels to happen.
  • Monthly chart too shows price inching up towards upper Bollinger band which is near 30 Levels.

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