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.
This content is for informational purposes only and is not intended to be investing advice.
