14 replies to this topic

[mss]

The three charts below tend to show the differncs betwen DELL & INTC from a TA stand point. There are other things that need to be looked at such as new products etc.
Note the daily and weekly of DELL for support and resistence. Compare the weekly of DELL with the weekly of INTC.





Best to you Greenie,

[greenie]

Thanks mss. So, would your conclusion be that DELL is in a uptrend, and INTC is having a oversold bounce?

[mss]

Thanks mss. So, would your conclusion be that DELL is in a uptrend, and INTC is having a oversold bounce?

To me, Dell has a chance to bounce to 30ish, but is in for a long consolidation.
INTL has had it's bounce and should settle back into more consolidation.
I might buy DELL for the bounce if all looks right, but it would be a "quickie" trade.

[hiker]

5/16 DELL has moved intraday below $24, establishing a new intraday 52-week low. Earnings release date is May 18th. As stated before note the correlation of the support zone visible on the PnF chart with the 75% retracement target objective of the move up from the 2001 low....nothing to rely on for trade decisions, but does provide a reference for risk management.

Edited by hiker, 16 May 2006 - 11:01 AM.

[Jnavin]

I've been adding DELL since last week and I really like today's hammer and the expansion of volume.