Dell Technologies Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc.

DELL 120.41

-1.9%

11:12 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LWolf who wrote (69950)	10/7/1998 4:15:00 PM
From: stock bull	Read Replies (2) of 176387

Hi Laura & All, Dell closed at 50 9/16, down 4 3/4, vol. 51.6 million shares. I believe this is the highest daily volume since Dell's correction began. The stock closed above 50. I estimated the resistance level to be 52 (this is within 2.8% of the closing price). So, on can conclude that the stock held at the resistance level on very high volume. If one believes in TA, than one can conclude that this is good news. The next thing we would want to see is the stock rally and than re-test the 51 - 52 range on lower volume, say 38 - 39 million shares. If the re-testing holds, the stock should than see a meaningful rally. Comments appreciated. Stock Bull

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next