Shares of Hewlett Packard Company (HPQ) recently broke out of a consolidation pattern, and signaled bullish continuation. It has indeed continued the uptrend and is now challenging a key resistance pivot around 18.65.HP INC (HPQ) Daily Chart(click to enlarge)Textbook Breakout Confirmation:- The daily chart shows the recent bullish breakout. - After the breakout, we had a pullback, and it rebounded after testing the middle of the broken consolidation pattern.- We also saw a "positive reversal" signal, where the RSI is coming down from the overbought area (above 70). It makes a low and than a lower low, where price makes a corresponding low and a higher low. This suggests at least one more bullish push is coming. Resistance:- The weekly chart below shows that price is going to test a key resistance around 18.65.- This was the 2015-2016 high.- Now, the trend since 2013 suggests we should anticipate an eventual break of the 18.65 resistance.- The next resistance would be the 2011 high around 22.40. - We might want to anticipate resistance around 21. - A conservative bullish outlook would be the 20.00 handle.- I think we should not expect any significant sell-off from this 18.65 resistance. We can expect some short-term consolidation, but the upside risk towards 20.00 and beyond is too much with the current bullish momentum.HP INC (HPQ) Weekly Chart(click to enlarge)