Yesterday I also opened a small long position on $HPQ (+1,18%) and added it to my Blue Chip Fibonacci Portfolio after the stock reached the 23,6 % Fibonacci retracement level.
HP is one of the most recognized technology hardware stocks, with a strong presence in PCs, printers, and enterprise solutions. While it may not be the most exciting company in the tech space, its established market position, solid cash generation, and commitment to shareholder returns make it an interesting long-term candidate.
As always, this isn't about predicting the next move. It's about identifying opportunities, sizing positions appropriately, and managing risk.
I'm looking forward to seeing how this long position performs over the coming months and years.
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#mikeupegui
