HPQ is showing a classic Rectangle. Don't miss the move.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Reversal pattern. Price likely to break downwards.
Consolidation. Can break either way.
Bullish continuation if preceding move was up.
Bullish continuation pattern.
HPQ is showing interesting structural developments at $18.99. Currently at $18.99, the asset is showing downward momentum (-1.25%). Algorithmically, a Bullish Flag structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $20.14, targeting $23.27 with support near $18.13 (R:R 1.56).
What is your outlook on HPQ?