Nice swing short trade
After not so good EPS and after-hours lower trading+Big Kangaroo tail (inverted hammer) near resistance making a potential double top+MACD debilitating, I think this is a nice short/covered-call/long put trade. Risk:Reward is good. I'd put my first target near classic 50DMA and take it from there.
I don't know if this is going to be a meer correction or a downtrend, but a short-mid term correction might happen, making HPQ a great short
I don't know if this is going to be a meer correction or a downtrend, but a short-mid term correction might happen, making HPQ a great short
“Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece.” ― Ralph Charell
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