HPQ was consolidating throughout March, between roughly 17.80 and 17.00. Price broke above this consolidation at the end of the month, and is testing the resolve of the breakout so far in April.HPQ 4H Chart(click to enlarge)Bullish Breakout:- As we can see in the 4H chart price broke above a consolidation pattern.- Now it has not extended higher, which gives us a chance to see what the market will do when price tests the consolidation.- If price can hold above 17.40, I think the bullish breakout is still valid, which is the case so far. - It looks like we might get another bearish attempt in the near-term to test this support.Upside:- Looking at the weekly chart, we see a market that has been bullish throughout 2016. - There is at least upside towards the 2014/2015 high around 18.65.- Also note that last week, there was a bullish engulfing candle, which is another sign of bullish continuation.- I think there is upside towards 20.00, but first we should expect some selling around 18.65-19.00 area. After all, the RSI is starting to show bearish divergence with price, and 18.65 was a key resistance pivot. HPQ Weekly Chart(click to enlarge)