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When the Price of Hewlett-packard HPQ Talks, People Listen

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Hewlett-packard (NYSE: HPQ) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for HPQ can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports

Longer Term Trading Plans for HPQ
  • NONE. Details
  • There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

  • Short HPQ under 29.97, target n/a, stop loss @ 30.06 Details
  • The technical summary data is suggesting a short of HPQ as it gets near 29.97, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 30.06. 29.97 is the first level of resistance above 28, and by rule, any test of resistance is a short signal. In this case, if resistance 29.97 is being tested, so a short signal would exist.

Swing Trading Plans for HPQ
  • Buy HPQ slightly over 28.16, target 29.51, Stop Loss @ 28.08 Details
  • If 28.16 begins to break higher, the technical summary data tells us to buy HPQ just slightly over 28.16, with an upside target of 29.51. The data also tells us to set a stop loss @ 28.08 in case the stock turns against the trade. 28.16 is the first level of resistance above 28, and by rule, any break above resistance is a buy signal. In this case, 28.16, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short HPQ near 28.16, target n/a, Stop Loss @ 28.24. Details
  • The technical summary data is suggesting a short of HPQ if it tests 28.16 with a downside target of n/a. We should have a stop loss in place at 28.24 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 28.16, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for HPQ
  • Buy HPQ slightly over 28.16, target 29.51, Stop Loss @ 28.09 Details
  • If 28.16 begins to break higher, the technical summary data tells us to buy HPQ just slightly over 28.16, with an upside target of 29.51. The data also tells us to set a stop loss @ 28.09 in case the stock turns against the trade. 28.16 is the first level of resistance above 28, and by rule, any break above resistance is a buy signal. In this case, 28.16, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short HPQ near 28.16, target 27.48, Stop Loss @ 28.23. Details
  • The technical summary data is suggesting a short of HPQ if it tests 28.16 with a downside target of 27.48. We should have a stop loss in place at 28.23 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 28.16, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

HPQ Ratings for September 10:

Term →Near Mid Long
Rating Weak Neutral Strong
P1 0 0 29.97
P2 27.48 28.16 33.51
P3 28.10 29.51 37.22
Triggers may have already come
Support and Resistance Plot Chart for HPQ

HPQ Long Term Analysis for September 10 2021

Blue = Current Price
Red= Resistance
Green = Support

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