DELL trade ideas
DELL Gap Fill PlayDELL SHORT
DELL recently broke it's major support on both the chart and the RSI graph (red trend line). Possible gap fill (purple levels) down to it's previous prices in September. Bearish engulfment on the daily.
Optimal Entry
Break of 67.1 (green level). With the loss of both the red support and the green level there will be very big downside potential. You can of course enter immediately on Monday but it might reject the level and regain bullishness, so that's the risk that comes.
PT1 63.7
PT2 59.4
SL 68.4
Contracts
11/20 67.5/60p bear spread
Buy the 67.5p and sell the 60p. Net debit should be around 2.5 at the entry point.
A cheap play would be the 65/62.5p bear spread.
I'll most likely close all of my contracts after the gap fill. You can also buy the dip after the gap fill for an ER run up (11/26 AH). Manage your risks set stop losses. Stay green!
Dell in Ascending triangle to retest all time high.Stock of Dell is in a daily ascending triangle which is a formation with a bias to break to the upside.
MACD has given a buy signal.
RSI found support at 60, which is a buy signal.
Buy on the uptrend line or the break of ATH $70.55
My target is $74.
Good luck!
Tibor
DELL bulls about to attempt a risky breakoutDell Technologies Inc (DELL) has shown its popularity since the March lows by staging an impressive recovery outperforming the markets, rising just shy of 40%. Currently undervalued by approx 26.0%, DELL’s earnings are forecast to grow by 13.94% per year and has returned 4.6% in the last seven days alone.
From a technical standpoint, the rally of late has managed to recapture the May 2019 highs which marked the top for that year which preceded a multi-month decline, that bottomed out in March of this year. The triple resistance cluster it now faces at (3) will be an important zone to monitor in order to forecast the future share price of this company.
A clean break and close on the higher time frames above (3) would indicate further room to the upside, plus a failed rising wedge pattern adding confirmation to this bullish outlook. Alternatively, if resistance proves too stubborn, another buying opportunity should present itself at the wedge support line. Below that should be construed as a warning sign, and traders should perhaps sit on the fence until the next buy signal becomes clear.
Is Dell Inching Toward a Breakout?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.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
$DELL Earnings Analysis
Dell has been trending within a well defined channel for 5 weeks.
Below which there is a major gap, this does carry some risk.
To the upside possible targets to consider are.
$65.50- Gap fill
$67.41- Previous resistance point.
Spending in this sector is extremely high in recent months with the expansion
or remote learning & work, Governments worldwide have been providing free
laptops for the less privileged, will DELL show the benefits and Margins from such schemes?.
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
$DELL can rise in the next daysContextual immersion trading strategy idea.
Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports information technology (IT) products and services
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $53,08;
stop-loss — $51,71.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
DELL: Ascending Triangle, confirmedAscending Triangle, confirmed
Descending volumes.
200MA Flat = Neutral (Low Sampling)
PPS above 50MA and 200MA
250RSI above 50 = bullish (Low sampling)
Low ATR = Low volatility
Target 1= 46.67 $ Filled
Target 2= 49.18 $ Filled
Target 3= 52.11 $
Target 4= 56.08 $
Target 5= 61.31 $
Target 6= 61.60 $
Bonus: Target 7= 70.31 $
$DELL can rise in the next daysContextual immersion trading strategy idea.
Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports information technology (IT) products and services worldwide.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $49,36;
stop-loss — $48,28.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!