This is pretty basic technical analysis. If
DELL crosses the yellow intermediate trend line, I would expect the target to be around the upper green trend line. If it fails at the yellow, I would reassess the chart closer to the lower reds trend line. I would take at least partial profit on a tag of the green trend line. There was not much recent news concerning the stock. An upgrade from Evercore earlier in the month and news that
DELL would be working with
NVDA on some new chips
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.