First off, please don't take anything I say seriously. As always, this is on opinion based basis. That being said, let me get into a few insights. I believe that Dell looks like it may be on a bullish or breakout period for a retracement wave from March's bearish "panic sell decline". This is a guess that I am taking given the Covid19 period and the patterns...
$DELL Adam & Eve double top measured move with 3x class A bearish divergence on the 4hr MACD w/ coinciding tail end RSI bear div
Dell has been on the down for a year, now they are really going down. And they are still doing stock buy-backs. The stock is way too high. Dell will be the main stock dragging down the XLK ETF for the next two weeks, and the next two months. They could get in serious debt trouble here. Dell is my number one short position with out-of-the-money put options into June.
I would measure it to 40 and get the gains. Seems bottomed out unless there's another COVID issue coming
I'll wait for the reversal sign after the ER and the market dip. The company stands true to the patterns even though it's a shorter time frame.
Microsoft Corp. $MSFT the world’s most valuable tech company, warned investors on Wednesday that it will not meet its recent guidance for its personal-computing business because of the impact of the coronavirus on the supply chain. Therefore I bet $DELL will cut its official guidance in a way that will disappoint its shareholders when it reports its earnings After...
Dell Technologies Gap fill Idea-Profit Targets and Support : 2/25/2020
Seems it's headed to repeat the pattern for the third time now through the ER. Depends on how hte ER plays out, but I wouldn't buy any calls for the ER and would rather get some puts. And but back when it reaches to high 40s again.
BLUF : 5G US Consolidation/FrontRunner/Infrastructure??? Let's Watch...
DELL has formed a large symmetrical triangle which may lead to upsides. Included chart pattern for anyone who is learning these patterns.
The idea is for the purpose of following personal progress. Comments and feedback are appreciated. #EMA #MACD Please do your own research before making trading decisions!