jefftan
Long

DELL : UPWARD POTENTIAL WITH REWARDS OF 4.69, 14.76 AND 23.42

199 0 1
Previously :
2013.08.02
2013.08.01
2013.07.31

After few days of consolidation or energy build-up, we see price starting to move towards the upsloping blue ML as 1st target.

Price has used the green ML as a launch pad.

If price clear the blue ML, chances are it will stay in the blue channel which dictates a new price frequency. When that happens, I expect price to oscillate within this blue band to meet with resistance from the green U-MLH which will be a strong resistance as 2nd target profit area.

For long-term swing trader, the blue U-MLH will be the 3rd target.

So we have everything for everyone i.e. scalpers, intra-day traders, swing traders and investors.
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