Hewlett-Packard Trading Analysis (23/05/2025)
The trend is down. The stock is trading between the 365- and 135-EMA. The upward truncated wave structure ended with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator's moving averages are out of the overbought zone.
Trade idea:
- Buy at the breach of 17.32.
- Stop-lloss at 18.20.
- Price targets are 16.14 and 14.68.
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