Hewlett-Packard readies to tackle important resistance - Analysis - 27-04-2017

Hewlett-Packard's stock (HPQ) rose in the intraday levels, scoring a fresh profit of 0.11% in the last session, or 0.02 points, and readying to attack the important resistance of 18.88, while trading within an ascending price channel that limited its previous short-term movements as shown in the attached chart, with ongoing negative pressure from the SMA for the last 50 days period. 

Therefore we expect more gains to come for the stock, as long as the support of 18.28 holds on, targeting and readying to tackle the resistance of 18.88.