Interval: Daily
The price of the Hewlett Packard stocks has formed a pretty nice Inverted Head and Shoulder.
After it broke its base, retested it. This can make a very nice trading setup. If the price will pass over the last top, it will have an open way to the target of the price pattern. We can set up the target at 17.46 and the stop loss under the base line of the pattern.
NYSE:HPQ Retesting Inverted Head and Shoulders by Andrei Costescu