HPQ, daily
Summary
The near term trend is again back to the downside after a few weeks where HPQ almost looked like it was attempting to break out of the long term down trend.
Yet, the underlying structural problems remain in HPQ. Nothing has changed, and whilst the current CEO Whitman remains - along with the board that elected her, the company lacks the leadership and vision it desperately needs.
A lousy 2013 to come
The big $10 level looks set to be hit within the next 2-5 months. Whether it bounces from that level seems somewhat irrelevant.
HPQ looks set to be delisted from the Dow'30 in the second half of 2013. That will be a real marker point in its history. It'd be a little ironic, and somewhat tragic, if its replaced by AAPL or GOOG.
