Hewlett-Packard climbs in volatile session - Analysis - 22-10-2018

Hewlett-Packard's stock rose in the intraday levels, ending a session marked with volatility and scoring a profit of 0.29% in the last session, or 0.07 points, while venting off oversold saturation in the RSI, amid negative pressure from the 50-day SMA, while hurt by exiting an ascending price channel recently in the short term. 

Therefore we expect the stock to return lower, targeting the support of 23.07 holds on, as long as the resistance of 24.69 holds on. 

Expected trend for today: Likely Bearish