HP Inc. (HPQ) presents a compelling upside opportunity at an attractive price level. Several technical signals indicate a potential 50% gain over the next 12 months. The stock is maintaining support above the middle line of its ascending channel and has formed a two-year diamond pattern, now initiating a move toward its projected targets of $47–50. A 20% pullback in recent months offers an excellent entry point before a potential breakout.
I am entering a long position at $31.00–33.00, targeting a 50% upside. A stop-loss is set at $22.00, below the diamond pattern’s key support level.