HP Inc., stock approaches the bottom of the sideways channel (black horizontal lines) from which it may bounce again.
During the May 29, 2024 bar, professionals bought (blue rectangle), and since then, whenever the price reached this zone, they were buying more.
It should be noted that the buying around the bottom of the sideways is much bigger than the selling around its top which is bullish behaviour. Wyckoff's Spring on the recent activity adds to strength too. Another good sign for bulls is the decreasing volume on the down move, which indicates an absence of professional interest in lowering prices.
The testing process is ongoing as of today. If the price reaches the buying zone and no supply reappears, there is a big probability for a move up towards $37.30 - $ 39.29 with minor resistance around $34.62 - $34.72.
If supply reappears and the price breaks the bottom of the sideways channel ($32.41) we may see another leg down to $29.00 - $30.00 for more buying.
During the May 29, 2024 bar, professionals bought (blue rectangle), and since then, whenever the price reached this zone, they were buying more.
It should be noted that the buying around the bottom of the sideways is much bigger than the selling around its top which is bullish behaviour. Wyckoff's Spring on the recent activity adds to strength too. Another good sign for bulls is the decreasing volume on the down move, which indicates an absence of professional interest in lowering prices.
The testing process is ongoing as of today. If the price reaches the buying zone and no supply reappears, there is a big probability for a move up towards $37.30 - $ 39.29 with minor resistance around $34.62 - $34.72.
If supply reappears and the price breaks the bottom of the sideways channel ($32.41) we may see another leg down to $29.00 - $30.00 for more buying.
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。