Hewlett-Packard driven lower by pivotal resistance - Analysis - 18-08-2017

Hewlett-Packard's stock (HPQ) fell in the intraday levels, recording a loss of 1.74% in the last session, or 0.33 points, after the pivotal resistance of 19.42 held on, in an attempt to gather momentum to help it rise anew, as it trades within an ascending price channel that limited recent trading in the medium and short terms, while relative power indicators reached extremely oversold levels compared to the stock's movement. 

Therefore we expect the stock to return higher, targeting the resistance of 19.42 anew.