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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Tuesday, February 28, 2012

Hewlett-Packard (HPQ) target: $25.00. 2012.02.28

The previous analysis on HPQ ( http://markettechnicalview.blogspot.com/2012/02/hewlett-packard-hpq-bullish-channel.html ) showed a bearish break of the T1 trend line and the high probability of the price to travel towards previous lows for the next days (even weeks).

T1 trend line represents now the firs resistance and the first target is set by the late December lows, in the $25.00 area.


Posted by Adrian Filip at 2:54 PM
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