Today’s instrument is the Hewlett Packard Enterprise Co‘s stock traded on the NYSE exchange under the ticker HPE. 

When we look at the HPE ‘s chart, we can see its rise from the $14 range on the 21st of May and its slow gradual climb firstly to the $14.5 on the 25th and then to the $15.15 range on the 26th, reflecting the overall short-term market rally starting at the beginning of last week which might have signaled a reversal. On Friday it managed to reach as high as $16 and closed the day in the $15.77 range. There was no trading session due to the Memorial Day holiday in the US. It was last found trading at the $15.77 range with $16 acting as temporary closest resistance and $15 as a closest temporary support.

Hewlett Packard Enterprise Co has scheduled a quarterly earnings announcement today 31/05/2022. If both EPS and Revenue expectations are surpassed, then we could expect the price to move towards $17. 

Today we can expect a move towards the $16.5 extending the short-term upward trend. 

If however, it doesn’t manage to hold on to the current level then a move towards and below the $15 closest support possibly in the $14 range can be expected.

(Click on image to enlarge)