Hewlett-Packard readies to tackle current resistance - Analysis - 31-03-2020

Hewlett-Packard's stock spiked 5.81% in the last session while tackling the resistance of 18.30, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the medium term, with negative pressure from the 50-day SMA. 

Therefore we expect more gains for the stock, targeting the resistance of 19.67, representing the ratio 61.8% of Fibonacci levels. 

Expected trend for today: Bullish