The stock traded to a high of $14.81 today, so far. That is just shy of the $14,85 suggested. We do not want to quarrel about a few cents. For those that like a 16% gain it is a sell now.

HPQ 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.

We are there as expected, as close to $11 as you could wish for. The count on the small chart is unclear but on the big chart it is a nice 5 wave sequence  even if the waves 2 and 4 do NOT alternate , as normally they do. In any event we have repeated the tech crash and the company is thoroughly disliked by everyone after throwing away 8 bln. on an acquisition (for a second time). No new products in the pipeline and 3 CEOs in as many years. There is absolutely nothing to like about these guys/girls but that may just be the right moment to tip-toe into the waters.

Accumulate shares peace meal , use stops just below your price or play this one with options.

From both the medium and small sized charts a case can be made that HPQ is about to make a bottom or might already have done so. A dip below $14 is definitely a buy and for those that are a little more courageous here and now is good enough.

The big chart  allows for a further drop to somewhere between $14 and $11, an average of $12.50. $2.50 down against $10+ up is a pretty fair risk/reward by any standards but if you are a little timid why not just stare the cat out of the tree. That too may work.