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HPQ Nearing Potentially Powerful Upside Breakout Plateau


The big picture of Hewlett-Packard Company (HPQ) shows the development and maturity of a 2 1/2-year rounded-accumulation base-like pattern that is teetering on the verge of upside breakout on a sustained climb above 28.70.

Such a climb will trigger intermediate-term upside targets in the vicinity of 37.50, and then 44.80-45.20.

Only a downside reversal and break below 27.27 (closing basis) will delay the timing of the anticipated approaching thrust in HPQ.

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