Hewlett-Packard climbs within descending price channel - Analysis - 05-10-2021
Economies.com
2021-10-05 12:13PM UTC
Hewlett-Packard's stock (HPQ) rose 0.04% in the last session while trading within a descending price channel that guided recent short-term trading, amid negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the pivotal support of 26.90, provided the resistance of 29.00 holds on.
Expected trend for today: Bearish
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