Hewlett-Packard readies to pierce important support - Analysis - 21-09-2021

2021-09-21 12:00:22 GMT (Economies.com)
 

Hewlett-Packard's stock (HPQ) fell 1.59% in the last session, settling at 27.24, while trading within a descending correctional price channel that guided recent short-term trading, with negative pressure from the 50-day SMA.

 

Therefore we expect more losses for the stock, targeting the support of 24.50, provided the support of 26.90 was breached. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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