$DELL
Added 2024-11-27 09:10:55 +0000 UTC$DELL reported earnings yesterday and it was a slight miss on earnings of -1% and some concerns in the sector for laptop sales....but on their earnings call they said they expect their AI side to continue to thrive.
On the chart, we can see that the price rallied towards the 1.618 Fib leading to earnings but fell short of the $151 level, as there was a mixed week in the Semi sector with $NVDA lagging.
I have added in the Wave 4 levels now and we can see that the price has dropped exactly to the 0.5 Fib and crucially this is above the 200 Day MA, which has been a strong support level since August.
As long as the price can hold above $119, I believe this can move higher to complete Wave 5 at $181...especially if $NVDA reverses higher and there is a market melt up.
Comments
Premarket 124.80? ;)
zeki
2024-11-27 10:03:06 +0000 UTC
