DELL forms a triangle with declining top and flat bottom. This structure was entered in a bull market, so the break out should be bullish. As this pattern occurs on the day chart with markers within the past year, the breakout could last several weeks. What are your thoughts?
DELL long term trend was bearish, since the 7 th April a slight bullish momentum established. The long term resistance still holds. if it breaks we could await strong confirmation at around 122.45 to 126.64 USD.
If Dell fails to break the resistance, the levels 103.83 USD and 96.64 USD are important to watch. Strong rebounds imply another approach to break the resistance. Retracements imply continued bearish trend.