Hewlett-Packard Trading Analysis (11/07/2025)
The trend is down. The stock is trading between 365 and 135 EMAs on the H1 timeframe. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought zone.
Trade idea:
- Sell when the descending wave structure begins forming and wave A breaches the sloping channel of the ascending truncated structure.
- Stop-loss at 26.25.
- Price targets are 24.67 and 23.80.
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