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Hewlett-Packard amid negative outlook - Analysis - 20-10-2022
Hewlett-Packard's stock (HPQ) declined in the intraday levels amid negative pressure from the 50-day SMA, with the dominance of the downward short-term trend, with negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the stock, targeting the support of 24.00, provided the resistance of 26.77 holds on.
Expected trend for today: Bearish
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