Monthly chart shows price to be above all key moving averages and heading towards a test of the 2001 lows and lower.
Weekly chart shows a 3 wave abc corrective pattern into the $30.84 high where sellers quickly overcame buyers and took the price down continuously since November 2007.
Daily chart shows price well below all key moving averages. Look for further weakness and a break of the $19 low and a test of the 2001 low at $16 in the weeks ahead.
Sunday, January 13, 2008
DELL Analysis for 01.13.2008
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