HPQ - 11.66% Potential Profit - Ascending Triangle
Updated
Uptrend Support with an Ascending Triangle forming within an uptrend corridor.
Target price set at the 4th confirmation of the resistance line.
- 4-month uptrend
- RSI and STOCH above 50
- MACD above Signal
Suggested Entry $18.84
Suggested Stop Loss $18.28
Target price $21.04
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Target price set at the 4th confirmation of the resistance line.
- 4-month uptrend
- RSI and STOCH above 50
- MACD above Signal
Suggested Entry $18.84
Suggested Stop Loss $18.28
Target price $21.04
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Order cancelled
Not keen on the setup at this stage, due to price action.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.