The Hewlett Packard (NYSE:HPQ) Daily Diagram Technical Analysis Training shows the following:
The HPQ share has made a long term development with the support of the trend line (light blue). This support line is over the KUMO, which means that the HPQ is bullish in long term. The weekly diagram shows bullish trend. The monthly has got itself into the KUMO beating the $35 resistance.
So the first think in mind is that HPQ is bullish for $35.72 as a price target. MACD is bullish and RSI too. The volume is moderate.
We have no special candlestick pattern. The share is above the KUMO and above the Kijun Sen (blue line) and the Tenkan Sen (light green line) too.
There is no special pattern. The fib from $20.70 to $26.44 shows a 2.618 top at $35.72.
So MACD signal, RSI and last Friday's movement show the bullish way for the share.
The HPQ share has made a long term development with the support of the trend line (light blue). This support line is over the KUMO, which means that the HPQ is bullish in long term. The weekly diagram shows bullish trend. The monthly has got itself into the KUMO beating the $35 resistance.
So the first think in mind is that HPQ is bullish for $35.72 as a price target. MACD is bullish and RSI too. The volume is moderate.
We have no special candlestick pattern. The share is above the KUMO and above the Kijun Sen (blue line) and the Tenkan Sen (light green line) too.
There is no special pattern. The fib from $20.70 to $26.44 shows a 2.618 top at $35.72.
So MACD signal, RSI and last Friday's movement show the bullish way for the share.
