Hewlett-Packard Co. (NYSE)

#HPQ

The trend is bullish. The stock is trading between the 365 EMA and the 135 EMA on the H1 timeframe. A truncated bearish wave pattern has concluded with a breakout of the trend channel. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator indicates oversold conditions.

Trading idea:

Buy on a breakout above 32.70.

Stop Loss: 31.58.

Target levels: 33.84; 34.77.