Dell Technologies Inc. (DELL) Elliott Wave technical analysis [Video]
|DELL Elliott Wave technical analysis
Function: Trend.
Mode: Motive.
Structure: Impulsive.
Position: Wave {iii} of 1.
Direction: Upward in wave {iii}.
Details: The analysis indicates DELL is progressing within wave {iii}, with an expected final push higher into wave (v). The price remains solid above the $100 level, and there is potential for a further rally toward $130 as wave (v) completes.
DELL Elliott Wave technical analysis
Function: Trend.
Mode: Motive.
Structure: Impulsive.
Position: Wave (iii) of {iii}.
Direction: Near top in wave (iii).
Details: On the short-term chart, DELL seems to be approaching the top of wave (iii), reaching the 1.618 Fibonacci extension relative to wave (i). A corrective pullback in wave (iv) is expected before the stock resumes upward movement in wave (v) to continue the broader bullish trend.
This dual-timeframe analysis applies Elliott Wave principles to highlight DELL’s current market position and near-term outlook. With a confirmed trend above key support, both charts suggest bullish continuation following a minor correction.
Dell Technologies Inc. (DELL) Elliott Wave technical analysis [Video]
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