Sunday, April 29, 2007

DELL Analysis for 04.29.2007

Monthly chart shows HL, with early buyers stepping back into the stock the last 2 months.

Weekly chart shows price above current support off a LIS, above the 34ema and above the 8ema. First upside target is the 89sma.

Daily chart shows profit taking at the .618 fib level. However, support is off the LIS at $24.65, with a HL made. Upside targets: $28, $30, $33.60.

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