HP Inc has been gradually making lower highs since the beginning of 2022.
Entering a “NoGo” last month, we saw GoNoGo Oscillator break below the zero line. As prices have moved sideways the oscillator has rise to test the zero line and has been held at that level causing the climbing grid of the GoNoGo Squeeze to rise to its extreme. The oscillator now looks to have broken out of the Squeeze to the downside indicating that further price movement could be lower. This being the case, we can look for price to fill the gap from November of ’21 as it attempts to set a new lower low.
