$DELL
Added 2024-08-01 15:38:38 +0000 UTCI alerted yesterday that $DELL was high on my list and wanted a pull back to enter, the price jumped up to $116 and +7.5% yesterday and we thought this bounce was too strong and did not want to chase.
We got the pull back today and when $112 hit, we made our First Buy.
As always, we split our assigned allocation into 5 parts, so the First Buy was 20% of our total allocation for $DELL.
We still have 4 more buys.
First position is always after the initial hold and this came on the 0.5 Fib at $106, which was also the 200 Day MA on the daily chart, this is the 1hr chart above.
Now we are waiting for a hold of this pull back, I have added the small white fib levels to show where support can come, once I see support held, I will buy again.
Fundamentally and technically $DELL is attractive now after pulling back from $180 to $106.
