We recently looked at a bullish set up in Hewlett Packard Enterprise $HPE. A couple of weeks later, we are indeed seeing a bullish breakout. HPE Daily Chart (click to enlarge) Bullish Continuation:- HPE has been bullish entering 2018, but started to consolidate after pushing to almost $19.50 a share.- We can see that the consolidation turned out to be a falling channel, with price falling to $14.45.- Then, we saw an inverted head and shoulder. - Meanwhile, price held above a rising trendline, seen more clearly on the weekly chart.- As we can see on the weekly chart, the prevailing trend has been bullish before the recent falling channel.- And now that the falling channel is broken, we are likely looking at a bullish continuation scenario.- We should anticipate some resistance in the $17.50-$18 area. But we can also expect support above $16. - In fact, dipping and bouncing off of $16 would be a bullish signal. - We can anticipate upside towards at least the $20 handle in the medium-term (in coming months). HPE Weekly Chart (click to enlarge)