I don't see the trend as neutral (but what the heck do I know?). With MACD(13,34,89), the trend is down (below the signal line and moving down). With shorter-term MACD's, such as (5,35,4) and (8,17,9), the MACD has turned back up, but it remains below the signal line. Parabolic SAR, too, indicates that the trend is down. I think DELL needs to close above 65 1/2 before the trend reverses. (Maybe it'll do that today.) Even then, it would have to overcome strong resistance at around 67. I suppose it's a good sign that it rose above the 9-day EMA yesterday (at around 64).
But again, whaddo I know? DELL's gonna do what DELL's gonna do. Maybe some of the Internut money is moving into DELL as a safe haven.
Brooke |
