Hewlett-Packard settles at positive zone - Analysis - 09-12-2019

Economies.com
2019-12-09 13:00PM UTC

Hewlett-Packard's stock kept rising in the short term, amid positive support from the 50-day SMA while scoring a 0.89% profit, settling above 20.18, which represents the ratio 38.2% of Fibonacci retracement levels for a descending wave in the medium term (from 27.06 to 15.91), with positive signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the next resistance at 21.48. 

 

Expected trend for today: Bullish 

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