$DELL
Added 2024-08-30 13:48:20 +0000 UTCEarnings reported yesterday after the close and it was a double beat with an initial jump of +7%
Market has opened now and up around +3% but a higher high has been made now
We can also see that the 200 Day MA was being used as support leading into earnings too, so it only needed a beat to move higher....especially after hitting its 0.618 Fib at $88 at the start of August
I think the price action can move up to the 50 Day MA at $120 before needing a pull back, so I have added in the green Fib levels from this point
A retest of the 200 Day MA after this point would be the area I will be looking at adding once it is held.
Happy to be in the green here however.
Comments
I think 200 Day MA is $106-108
Minar Al-Balaawi
2024-08-30 13:59:29 +0000 UTCHi Cap, Thanks for sharing, What if it tested the 200 Day MA before it's reaching to $120, would it be a buying chance in your interest ?
Minar Al-Balaawi
2024-08-30 13:58:57 +0000 UTC
