DELL is a bearish/weak fundamental stock therefore would be traded in on a short position
DELL is still inside a symmetrical triangle about which we are talking for some time. Last two days price did drop out of the triangle but not below our minor line which is the trigger area for the position.
DELL is below all major MA which is bearish and also 8 and 20 are right at the price which will act as resistance. DELL is hovering around the trend line and can't decide about a future move for now.
Volume is neutral.
RSI is neutral.
MACD histogram is more bearish than bullish due to the red histogram ticks and the fact MACD line is below the signal line.
Overall: DELL is on the verge of a real drop in price. It cant return in a pattern that is bearish for sure. For the bearish move, we need DELL to move strongly below the horizontal red dotted line to trigger a short position.
On the other side if DELL manages to return to the pattern we will continue to watch and follow it until it breaks on one side.
The short position would be triggered only if the price moves strongly on big volume below the horizontal red dotted line or the last few day's lows.
DELL is still inside a symmetrical triangle about which we are talking for some time. Last two days price did drop out of the triangle but not below our minor line which is the trigger area for the position.
DELL is below all major MA which is bearish and also 8 and 20 are right at the price which will act as resistance. DELL is hovering around the trend line and can't decide about a future move for now.
Volume is neutral.
RSI is neutral.
MACD histogram is more bearish than bullish due to the red histogram ticks and the fact MACD line is below the signal line.
Overall: DELL is on the verge of a real drop in price. It cant return in a pattern that is bearish for sure. For the bearish move, we need DELL to move strongly below the horizontal red dotted line to trigger a short position.
On the other side if DELL manages to return to the pattern we will continue to watch and follow it until it breaks on one side.
The short position would be triggered only if the price moves strongly on big volume below the horizontal red dotted line or the last few day's lows.
Consistency is the key of success....