Monday, December 04, 2006

DELL (at major resistance)

Dell has been in a downtrend since last year putting in a bottom this past July and has been moving higher ever since.. but I think that is all about to change. Many times during a trend a gap acts as major support or resistance..In this case Dell is right at the gap area which also coincides with even more resistance ( see blue arrows). The reisistance zone is $28 to $29.. I think Dell will pullback here for a short term trade..If you are bullish, your best bet is to wait for a close above 29 before you start buying...

1 comment:

Unknown said...

Kevin,

Solid insight and presentation on the equities that you are following. I think Dell will find some resistance near $28 or so, but i still have it as a buy...for now. What's your thoughts on Google? The descending triangle on th edaily charts worried me so I decided to take some profits off the table until the smoke clears. Also, let me know if you'd be up for a link exchange. hope to hear from ya.

--
Stephen
stephen.oakes@gmail.com
www.jutiagroup.com

Money-Making Ideas

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites