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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (135562)	7/6/1999 12:19:00 AM
From: Harvey Ghesser	Respond to of 176387

To Thread: From StreetAdvisor.com Let's look at a rectangle formation in Dell Computer Corporation, DELL. The interesting aspect of this consolidation is that it also fit very well into a typical retracement pattern too. On June 14, DELL hit a low of 33 ¼. >From this level, DELL rallied to start a new uptrend continuing to climb above some resistance at 36 and moved to a high of 39 7/16 on June 22. The most recent over supply of stock brought DELL down into the breakout area of 36. This old resistance seems to have become support and demand at the 36 level still existed. DELL has been trading in rectangle consolidation area between 36 and 37 for the past week. A break from this base could signal a continuation from the consolidation area and a move the previous resistance at 39. I would Buy DELL on a positive open or a break above 37 3/8 during the day. I would place my stop below the base of the rectangle at 35 ¾. Cheers, Harvey