August 22, 2013

Hewlett Packard bearish price action


  • HP closed below 50 Day SMA
  • Weekly chart shows support confluence in weekly chart at 23.6% Fib level and 20 Week SMA at 23.89 and 24 levels. Closing Below this zone may give an extended fall for the stock.
  • Weekly chart also shows negative divergence and a MACD bearish cross.
  • APPLE Bearish Engulfing and Inside Day pattern
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