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 , SEED_TVCODER77_ETHBTCDATA:5B 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
