DELL - Is it Long or Short ?
In the bad market conditions 'Bad news is bad news and Good news is also Bad news'.
Dell announced that it joined the A.I bandwagon , 55B stock buy back and dividend increase. Too many good news but still stock dropped 2% today.
In normal circumstances, in a perfect world, this is Bullish Flag.
People would jump on long side as soon as it touches the top of the gap.
The famous trader traderstewie calls it 'Bullish PEG'.
Is it a bull flag ?
Is this going to fill the gap here?
or hold the gap for a while just to kill both sides calls and puts?
My bets are on the gap fill but slowly and painfully for the put holders.
Short, Downside Target Price - 56
Dell announced that it joined the A.I bandwagon , 55B stock buy back and dividend increase. Too many good news but still stock dropped 2% today.
In normal circumstances, in a perfect world, this is Bullish Flag.
People would jump on long side as soon as it touches the top of the gap.
The famous trader traderstewie calls it 'Bullish PEG'.
Is it a bull flag ?
Is this going to fill the gap here?
or hold the gap for a while just to kill both sides calls and puts?
My bets are on the gap fill but slowly and painfully for the put holders.
Short, Downside Target Price - 56
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