$DELL
Added 2024-09-09 12:52:13 +0000 UTCNews dropped on Friday that $DELL will be added to the S&P 500 this month along with $PLTR so it is enjoying a bounce in the PM now
We have been monitoring this closely and I have a position
$DELL was showing relative strength over the last month compared to $NVDA, $AMD and $SMCI so it is likely that important buyers knew this announced would be made
That being said, the price still managed to pull back to inbetween its 0.5 - 0.618 Fib level below $102 this week, interestingly enough, there is only one wave visible in this pull back, so we could see the same scenario as $PLTR and get a relief bounce before pulling back further but we need to watch this closely....I think if $DELL gets back above its 200 Day MA and holds then we can assume that the pull back is complete, so holding above $110
Holding above $110 and you also have a buy signal, where I will be adding too.
