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).

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Thursday, March 1, 2012

Hewlett-Packard (HPQ) $25.00 target almost reached. 2012.03.01

Hewlett-Packard almost reached the down side target of $25.00 set a few days ago (http://markettechnicalview.blogspot.com/2012/02/hewlett-packard-hpq-bullish-channel.html ) after it broke the mid-term bullish channel.

Further on, the selling could continue below the first support ($25.00) targeting the $22.00 support area, where the September lows were formed.

However, the $25.00 support could be seen by some investors as a buying opportunity and this could turn into a pullback. 


Posted by Adrian Filip at 3:46 PM
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