Hewlett-Packard's stock plummeted in the intraday levels, recording a massive loss of 5.79% in the last session, or 0.71 points, with the stock breaching the support of 11.99, which represents the ratio 50% of Fibonacci retracement levels for an ascending wave in the short term (from 8.91 to 13.90), with negative pressure from the SMA for the last 50 days period. 

Therefore we expect more losses to come for the stock, targeting the support of 10.82, which represents the ratio 61.8% of the same retracement levels.