The Hewlett Packard (HPQ) daily chart shows the following signs:
The Price of HPQ after earnings and forecasting announcements last week, make a 6,1% bullish movement last friday.
The MACD has given a bullish sign and the RSI too. The Stock is over the KUMO Cloud and the Tenkan-sen is over the Kijun-sen. Last time that HPQ made such a bullish candle was on 10.10.2013 that get over the Kijun Sen.at $22.40 (and you can see what happens from then).
I expect that the stock will continue the bullish movement until the first resistance line at $37.32 for some consolidation there because the last Friday movement was too bullish.
The Price of HPQ after earnings and forecasting announcements last week, make a 6,1% bullish movement last friday.
The MACD has given a bullish sign and the RSI too. The Stock is over the KUMO Cloud and the Tenkan-sen is over the Kijun-sen. Last time that HPQ made such a bullish candle was on 10.10.2013 that get over the Kijun Sen.at $22.40 (and you can see what happens from then).
I expect that the stock will continue the bullish movement until the first resistance line at $37.32 for some consolidation there because the last Friday movement was too bullish.
