Modus777

$DELL Another ER setup

Long
NYSE:DELL   Dell Technologies Inc.
To keep it simple, a short term trade to the upside is best over the monthly high, 102.68. Over that level, DELL should run to test the ATH. Flow positioning shows short term bearishness whilst long term remains extremely bullish. DELL looks ready for a run up towards ER in November. The daily flag looks strongly supported by Feb VWAP as well as April's gap up VWAP. Demand seems to be increasing with average volume spiking a few times in September. No prediction for ER. If Monday the market gaps down, it wouldn't surprise me if the dip gets bought heavily under the 50MA.

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