December 1, 2011

DELL Chart Analysis

  • Dell is near the resistance line of the triangle pattern.
  • A bigger up move will happen if price is able to breakout of the triangle pattern.
  • Price is staying above its 50 and 200 Day Simple Moving Average. For this up move to extend price has to breakout above the resistance line.
  • Getting resisted at the resistance line or the upper bollinger band will result in a correction towards the base of the triangle pattern.
  • ES RESISTANCE LINES

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