HP’s History With Level 28

Hewlett Packard (HPQ) almost completed a 2+ year H&S bottom with a neckline at 28, a significant level throughout HP history. Looking back at 2005, a similar pattern formed and the 28 level was also the major resistance point. Furthermore, in 2009, the 28 level provided support and HP bounced off reaching new highs. A decisive close above $28 would complete the pattern and indicate a target of $43.

 

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One Comment on “HP’s History With Level 28”

  1. mcmasoniam says:

    Thanks AOTC!
    Simplify.
    M


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