This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The Hewlett Packard Share (HPQ) Daily Diagram Technical Analysis Training shows the following:
The HPQ share has made a bullish engulfing last Friday. There is a sense of bull market because the EMA 50 is above EMA 100 & EMA 200 and EMA 100 is above EMA 200 too.
MACD however has a narrow negative divergence and now has given a bear signal above the zero line. RSI moves to 50.
The fib has a 2.618 level of resistance for two local tops @ $35.78.
MACD & Candlestick pattern say short for EMA 50 first and EMA 100 secondly.
Stop loss above 35.78.
The Hewlett Packard Share (HPQ) Daily Diagram Technical Analysis Training shows the following:
The HPQ share has made a bullish engulfing last Friday. There is a sense of bull market because the EMA 50 is above EMA 100 & EMA 200 and EMA 100 is above EMA 200 too.
MACD however has a narrow negative divergence and now has given a bear signal above the zero line. RSI moves to 50.
The fib has a 2.618 level of resistance for two local tops @ $35.78.
MACD & Candlestick pattern say short for EMA 50 first and EMA 100 secondly.
Stop loss above 35.78.
