Hewlett-Packard Trading Analysis (03/02/2025)
The general trend is upward. The stock trades in the range between 365 and 135. The downward truncated wave structure ended with the breach of the sloping 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 21.55.
- Stop-loss at 20.34.
- Price targets at 23.00 and 24.20.
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