Nov. 12 at 1:02 AM
$HPE: The last close at
$22.90 indicates a position within the recent trading range defined by the 60D high of
$26.44 and low of
$20.44. The RSI at 47.73 suggests that the stock is neither overbought nor oversold, indicating potential for movement in either direction. The MA30 at
$24.11 and MA50 at
$24.20 are above the current price, indicating bearish sentiment in the short to medium term.
Directional bias leans slightly bearish due to the price being below both MAs, but the proximity to the 60D low suggests a potential bounce.
Suggested entry:
$22.50, with a stop loss at
$20.40 (below the 60D low).
Targets: First target at
$24.00 (near MA30) and second target at
$25.00 (psychological level).
Monitor for any changes in momentum and adjust the plan accordingly.
https://privateprofiteers.com
