Hewlett-Packard gives in to negative pressure - Analysis - 18-10-2018

Hewlett-Packard's stock returned lower while hurt by exiting an ascending price channel in the short term, with negative pressure from the 50-day SMA, recording a loss of 0.38% in the last session, or 0.09 points, countered with positive signals from the RSI after reaching oversold levels. 

Therefore we expect more losses for the stock, as long as the resistance of 24.69 holds on, targeting the support of 23.07. 

Expected trend for today: Bearish