Financial Market Analysis & Investment Research Partly open
HP (HPQ): Borrowed Demand
A month ago, we discussed why HP’s record revenue is driven by hardware prices rather than demand. Since then, the first independent figures for the third quarter have been released: International Data Corporation has calculated global computer shipments, and HP stands out against the general backdrop. The company has also declined to provide a forecast for the next fiscal year. Let’s take a look at what has changed in the picture, how the previous scenario played out, and which levels on the daily chart are important now.
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- the full set of indicators and market factors;
- an interpretation of the current picture;
- conclusions and the signals that follow.