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Hewlett-Packard is on the Verge of Upside Acceleration-- Possible Earnings Catalyst Feb 20


The big picture of Hewlett-Packard Company (HPQ) shows the development and maturity of a 2-1/2-year rounded accumulation, base-like pattern.

This pattern is teetering on the verge of upside breakout as the price structure continues to consolidate its Oct-Jan gains of 20.25 to 30.13, ahead of intermediate-term upside continuation and acceleration towards my optimal upside targets of 37.50 and 45.00.

Only a break that sustains below 27.70/30 support will wreck the very constructive technical set up in HPQ.

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