Hewlett-Packard Trading Analysis (05/02/2025)
The general direction is up. The stock is trading between 365 and 135 EMAs. The downward truncated wave structure ended with the breach of the descending channel. There is a bullish divergence on the Awesome Oscillator. The Stochastic Oscillator's MA has left the oversold zone.
Trade idea:
- Buy on the breach of 20.80.
- Stop-loss at 20.34.
- Price targets at 21.55 and 24.20.
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