Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Wednesday, January 9, 2013

Hewlett Packard (HPQ) analysis


The price action confirmed the late November scenario. The next target stands now at $16.80, followed by $22.00 on the mid term.

Take a look at the left chart (nov.26 analysis: http://markettechnicalview.blogspot.ro/2012/11/watch-this-stock-hewlett-packard.html) and see how the price followed my scenario: sharp comeback towards the 75 days average (green line in the $15.00 area) followed by a few weeks of indecision and then an obious bull domination that lead to the break above $15.00 level which is now a strong support.

IMPORTANT: Earnings announcement: 21 Feb. 2013!!!   



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