HPE watch $15.13-15.25: Resistance zone could End bounce or Run
HPE got a bump from news about Elliott buying.
Trapped under a key resistance at $151.3-15.15.
Look for rejection or Break-n-Retest to continue.
Trapped under a key resistance at $151.3-15.15.
Look for rejection or Break-n-Retest to continue.
Trade active
Gorgeous Fibnastics routine(yellow shaded area is from posting time).
.
Zoom in (m15) and looking at the turning points:
Looks like the Covid fibs are in control,
although the Genesis fibs certainly felt.
.
So what next?
Bulls MUST flip $16.00 into solid support
Solo Covid fib at $16.56 will next barrier.
Double fibs at $1744/46 is strong resistance.
======================================================
Trade closed: target reached
Gains booked, Trade doneClosed 25% at each of TP 1 and 2, for 5% and 14%
Then my trailing stop got hit on the retrace.
Not huge gains but gains none-the-less.
Time to look for next opportunity given by Fibs.
======================================================
.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.