HPQ: ⬇️ Sell – HPQ broke support level 23.50 – Likely to fall to support level 21.20 HPQ recently broke the support level 23.50 (former monthly low from June, which stopped wave (B) of the previous long-term ABC correction 2.
HPQ: Sell
– HPQ broke support level 23.50
– Likely to fall to support level 21.20
HPQ recently broke the support level 23.50 (former monthly low from June, which stopped wave (B) of the previous long-term ABC correction 2 from April).
The breakout of the support level 23.50 accelerated the active impulse wave 5 of the intermediate impulse wave (3) from October.
Given the strong daily downtrend, HPQ can be expected to fall further to the next support level 21.20 (former multi-month low from April and the target price for the completion of the active impulse waves 5 and (3)).
Published by:
Noah