Hewlett-Packard Trading Analysis (16/05/2025)
The trend is down. The stock is trading between 365 and 135 EMAs. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator's moving averages are out of the overbought zone.
Trade idea:
- Sell when the formation of the descending wave structure begins, when the wave A breaches the sloping channel of the ascending truncated structure.
- Stop-loss at 18.20.
- Price targets are 16.14 and 14.68.
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