HPQ traced a quarterly time at mode trend signal, with two possible long term targets: 26.31 and 29.59. Right now we're at a significant earnings support level, so we can go long risking $1 per share. I wouldn't use a stop loss here. Alternatively, you can size this trade as a long term position, entering gradually over a few days, investing 1-2% of your capital in it.
Good luck!
Ivan Labrie.
Komentarz
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Excellent progress here, hold, you may even add to the position.
if they get their quantum computer up and running , they will blast off
IvanLabrie
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@G13Man, certainly, for this trade, I don't want to give back profits since it's at 1,67R atm, so I doubled the position and used a tight stop for all. Minimum risk, but if it keeps trucking, it gets huge.