$DELL is deep into its ABC correction now, having lost its 50 Day MA at the start of July.
Price could not hold the 0.38 Fib at $123 and has now sunk down to $118 today.
The Wave C target at the 0.5 Fib at $106 is the target and the the 200 Day MA will be waiting there too.
Nice chart here if $DELL can hold on this level, losing the 200 Day MA and the 0.618 Fib is at $88.
Shailesh Patel
2024-07-24 16:48:51 +0000 UTC