Jul. 7 at 6:42 PM
$DELL is one of the cleaner setups I'm watching right now.
After the post-earnings gap, the stock has spent six weeks consolidating instead of giving back gains. That's often a sign of strength rather than weakness.
Today's bounce off the daily 21 EMA only adds to that constructive picture. The tighter the range becomes, the more meaningful the eventual breakout can be.
At the same time,
$QQQ is finding support around its daily 50 MA. If the broader tech sector starts to regain momentum,
$DELL has a good chance to break out and emerge as one of the stronger leaders.
Patience here may be rewarded. Strong bases often lead to strong moves.
