HPQ, daily
I've highlighted HPQ once or twice since I started this stock page, primarily since it was such a good example of an old established company that has largely lost direction..and is relentlessly fading away.
Today's 7% jump was quite a surprise - and supportive of the idea that the wider market will make new highs in late April/May.
Where next?
We have a very obvious gap to fill at $28, that actually looks viable within a few days if the current trend in the wider market continues. Can HPQ break the massive resistance at $30?
I would argue that if we see HPQ - regardless of fundamentals in both the economy and HPQ itself, $31 or higher, it would suggest SP'1550 WILL be hit sometime this summer.
