Technical Analysis of Financial Markets
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2006
(71)
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June
(13)
- Dow Jones - Inverse Head & Shoulders
- Apple Computer, Inc. (AAPL) - Adam & Eve Double Bo...
- Insteel Industries, Inc. (IIIN) - Inverse Head & S...
- Dell Inc. (DELL) - Possible Double Bottom
- Dow Jones - A Setup Rally ?
- FTSE 100: End of Bull-Market 20/03/2003 to 13/06/2...
- 10% Correction ?
- Hansen Natural Corp. (HANS) - Descending Triangle ...
- Dupont Co. (DD) - Head & Shoulders ?
- Dow Jones - Bear Hug
- Take-Two Interactive Software, Inc (TTWO)
- Peregrine Pharmaceuticals, Inc (PPHM) - Bullish Sy...
- NutriSystem, Inc (NTRI) - Diamond Top ?
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June
(13)
Wednesday, June 21, 2006
Dell Inc. (DELL) - Possible Double Bottom
Calling the bottom in Dell is like catching a falling knife. However, with stochastics oversold and looking to turn higher, it seems that a bullish Double Bottom pattern is forming. A break above $26 dollars completes the formation with support at the 50-day moving average. From then on, a possible price projection of $28.50 may provide the next level of resistance. Invalid pattern if close below support at $23.50.
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