HPQ Wave Analysis – 18 November 2025

HPQ: ⬇️ Sell

– HPQ broke support level 23.50

– Likely to fall to support level 21.20

HPQ recently broke the support level 23.50 (former monthly low from June, which stopped wave (B) of the previous long-term ABC correction 2 from April).

The breakout of the support level 23.50 accelerated the active impulse wave 5 of the intermediate impulse wave (3) from October.

Given the strong daily downtrend, HPQ can be expected to fall further to the next support level 21.20 (former multi-month low from April and the target price for the completion of the active impulse waves 5 and (3)).