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

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