Hewlett-Packard shares seem better than IT market sector this year: the decline has already been stopped while Nasdaq remains 10% below the levels of the beginning of 2022.
The last daily candlestick closed at 39.78 updating the maximum for 7 years. Now, buyers can aim at the highest level of January 2015 - 41.08. The RSI has not reached overbought yet allowing for another wave of growth.
At the same time, the "hanging man" formed on the chart can become a reason for an early attack by bears. Their goal will be the gap formed at the level of 38.7.