Dude, long DELL!
Updated
DELL popped up on my radar with a whopping 18603397% increase in insider aqusition, for a cumulative total of 31962283 shares bought by insiders.
Outlook from the monthly perspective is bullish, with a target of 131. Pasisng of which leads us to 137.
I am longing to 131 as primary target then 137.
Not advice of course.
Safe trades!
Outlook from the monthly perspective is bullish, with a target of 131. Pasisng of which leads us to 137.
I am longing to 131 as primary target then 137.
Not advice of course.
Safe trades!
Note
We have hit the reference target today (the yellow line) which is generally a freebee target.
I have taken some off. The next area of resistance as you can see in the chart is the 128, which will be my second scale out point. Then full scale out at 131.
If you have been following along, remember to practice good Risk management with setting stop losses. Don't risk profit you have made, be sure to set stops in profit and practice good RR strategies :-).
Safe trades all!
Note
Scale out zone 2 hit!
One more zone to go!!!
The outlook for next week is pretty optimistic from my DELL probability models.
Forecasted high for next week puts us as hitting the final scale out zone, with a forecasted high of 133.
The wonderful thing is, our forecasted retracement level for next week is 129.48, which is much higher than where we closed on Friday. This is always an incredibly bullish sign.
Safe trades everyone!
Trade closed: target reached
131 hit and rejected.
131 was the point forecast high on the month, so the rejection here is expected.
Safe trades!
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