HPQ, daily
Summary
HPQ has seen a very significant bounce from the recent $11.50 lows. Yet, the mid term trend remains downward.
Only if we see a few daily closes in the mid 18s - where the 200 day MA is also lurking. Indeed, the big 200 day MA will prove formidable resistance for HPQ to overcome.
--
With the primary target of $15 already hit, I remain seeking a hit of my secondary target - the big $10.00 level. That still seems very viable in the first half of next year - regardless of how the main market trades.
As many recognise, HPQ has serious underlying structural issues, and the stock price has of course already priced a great deal of that in.
