Hewlett-Packard Trading Analysis (06/08/2025)
The general trend is upward. The stock trades in the range between 365 and 135 EMAs. The downward truncated wave structure ended with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator's MA has left the oversold zone.
Trade idea:
- Buy at the breach of 20.05.
- Stop-loss at 19.60.
- Price targets are 20.50 and 21.10.
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