HPQ is showing a classic Rising Wedge. Don't miss the move.
Reversal pattern. Price likely to break downwards.
Reversal pattern after a downtrend.
Traders are watching HP Inc. (HPQ) as price action tightens. The stock is trading at $23.5, up 1.38% on the day. Price action has carved out a classic Double Bottom. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $29.29, targeting $38.39 with support near $24.74 (R:R 2.0).
What is your outlook on HPQ?