- Dell has violated the resistance lines in daily chart But price is not able to gain upward momentum. Price is above 50 and 200 Day Moving Averages.
- Immediate support and resistance levels in daily chart are 13.92 and 14.46. If these levels get violated we may see some action.
- Weekly chart has given a bearish shooting star candlestick formation. But price has to break the trend line in weekly chart for gaining downward momentum. Staying above the supporting trend line will favour bulls.
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My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
January 16, 2011
DELL Chart Technical analysis
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