Shares of Hewlett Packard Enterprise stock dropped strongly by more than 40% this year amid weaker growth pressured by disruptions from the COVID-19 pandemic. However, most stock traders will be unaware of bigger timeframe imbalances and why all of the sudden Hewlett Packard stock price is rallying strongly again.
Take a look at the weekly timeframe analysis for Hewlett Packard stock. A strong weekly demand has gained control around $7.94 per share, we expect the stock to rally much higher. There is room to double and triple the stock price in a few months. No shorts are possible.
For those stock traders that like to invest and own the underlying stock, a 5.3% stock dividend is way too juicy to ignore. Hewlett Packard is offering such a dividend, it’s something to bear in mind when making such stock trading decisions.
See below the weekly timeframe. You will see what I am expecting Hewlett Packard stock price to be in the next months.
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves. This game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen. And wait for price to pull back or dip into the price levels we want to trade, in our case. These price levels are made of supply and demand imbalances.
If you want to learn how to trade using our supply and demand trading strategy, join our supply and demand stock trading course.
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