HP Inc

HPQ has decisively broken the mid-August support cluster on high volume, signaling a shift into a bearish Stage 4 breakdown. This inversion invalidates the prior bullish posture, so we now look to sell on rallies into the broken support and short‐EMA confluence near the 9/20-day EMA region. Execution is deferred until price retests those overhead pivots and shows rejection, aligning with the new medium-term bearish bias.

• ↑Q2 revenue +9% YoY to $14.41B; AI PCs now 44% of mix.
• ↑GAAP EPS $0.86 beat estimates; FCF projected at $2.8–3B.
• ↓Negative profitability and growth trends highlight margin risks.