HPQ - long term decline continues

Hewlett Packard (HPQ) was one of the weakest DOW components today, the next target remains $15 later this summer, possibly $10 if the market breaks under sp'1100 at any time later in the autumn.


HPQ, daily

Summary

The original trend outlook was indeed correct, we've seen the price cluster zone of 22/20 broken under, and the next very obvious target is $15 - as seen via a longer term chart (not listed).

Whether HPQ fails to hold the mid teens, is dependent upon two main things. Primarily, whether the main market can hold the sp'1100s later this summer. Secondarily, whether HPQ can manage to at least 'keep things together' for this year. However, the underlying structural problems remain in the company (much like SHLD, JCP, and even AMZN).

HPQ...continues its slide.