Hewlett Packard Enterprise Company $HPE has been consolidating since retreating form $19.50 in March. The daily chart shows price action that has shifted from bearish to sideways. However, the recent resistance at $16.50 suggests there might still be bearish bias and downside risk.HPE Daily Chart(click to enlarge)Neutral-Bearish:- The bearish correction was from March to July. - Then, we saw that price action flattened, and did not make a lower low, and instead respected the $14.45 area as support again in October.- Essentially, we are looking at a range roughly between $14.40 and $17.50. - However, price retreated from $16.50 last Friday (11/09). - It essentially respected the 200-day simple moving average (SMA) as resistance.- Furthermore, the RSI held under 60 after rebounding from under 30 in October. - These are signs that bears are still in control of the market - there is still some bearish momentum. - Essentially, HPE should be considered neutral-bearish for the short to medium-term. - This would be a consolidation/correction against a longer-term bullish trend, which we can see on the weekly chart below.- I think price will come down to challenge the $14.40-$14.45 area as support again. - If the general market is still in risk averse mode as it has been in October, then price might slide lower towards the next common support in the $12.75-$13.00 area.HPE Weekly Chart(click to enlarge)