Hamilton's E-Wave Analysis

HPQ update

hpq dec 6 2012

has the potential to go a lot higher but if you did buy at around $12.50 or even a little lower you may start thinking about unloading some at around $14.85 (a gain of about 19%). For the moment there is no particular hurry it would seem as neither the RSI or the MACD are near levels where they normally peak. A trend line runs at around $15,50 which might be achievable in one straight go given that 5.1% of the stock is borrowed to create short positions, that equates to 4 full days of trading.