Hewlett-Packard gathers positive momentum - Analysis - 13-08-2018

Hewlett-Packard's stock attempted to vent off overbought saturation in the RSI, gathering momentum to help it rise anew and marking a loss of 0.37% in the last session, or 0.09 points, as the stock gets buoyed by a positive pattern that formed in the short term, the Symmetrical Triangle pattern as shown in the attached chart, with the dominance of the upward medium-term trend, coupled with positive pressure from the 50-day SMA. 

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