HPQ VERY NICE SHORT SETUP WITH MULTIPLE CONFIRMATIONS

27 בדצמ׳ 2013

This stock is bearish pretty much on every time frame from 1H to Daily. Plus some great multiple confirmations. We have market at major resistance ( previous pinbar and huge bearish engulfing) , RSI is diverging , pinbar at upper bolinger band (market is overbought) followed by a nice bearish engulfing pattern. This is very high probability setup.