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Is Dell Inching Toward a Breakout?

NYSE:DELL   DELL TECHNOLOGIES INC
Dell Technologies is a blast from the past. At one point it was one of the top technology stocks, but now it seems to get very little interest.

Still some interesting things are happening on the chart.

First is the pair of bullish gaps after strong earnings reports in May and August.

Next is the ascending triangle that formed since the last gap higher. DELL has made steadily higher lows while holding below $68.50. However prices closed above that line in the last few sessions. Is a breakout coming?

Looking to the left we can see resistance is close to DELL’s previous all-time high of $70.55 from May 2019.

The fundamental story is also interesting as coronavirus and remote work fuel demand for PCs and laptops. Just yesterday, for instance, tech researcher Gartner said third-quarter PC shipments rose to their highest levels in years. DELL is also spinning off VMware , another potential positive that could result in higher valuations for each standalone company.

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Comments

Hello, sorry for an off-topic comment, I just joined tradeview - can anyone point me to a help forum or email? My candle charts are displaying many small horizontal lines with only a few candles. Can't work out how to fix it.
+1 Reply
apsnt NovemberTypewriter
@NovemberTypewriter, try adjusting the price range to the right on the Y axis.
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@apsnt, Thanks, tried that but no effect - theres basically no candle to expand just a small line, so it seems. Perhaps tradeview doesn't capture data at a fast enough rate to draw candles for some stocks?
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apsnt NovemberTypewriter
@NovemberTypewriter, Hard to say. I can't see what you're doing. What stock and timeframe etc.
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apsnt NovemberTypewriter
Reply
@apsnt, thanks posted to the tradeview sub-redit - pretty sure tradeview just doesnt capture high res data for smaller stocks unfortunately, hope im wrong.
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dnecovic NovemberTypewriter
@NovemberTypewriter, find the setting to restore all settings to default - that will do the trick!
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great work
Reply
Thanks for sharing
Reply
Is DELL inching towards a Breakout?

Answer = NO

HOPIUM ~ is a powerful drug (was that a quote from Rick James)?
Reply
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