DELL: Massive Bull-Flag-Formation, Levels to Watch Next!

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DELL: Massive Bull-Flag-Formation, Levels to Watch Next!Dell Technologies, Inc. Class CBATS:DELLVincePrinceHello Community, welcome to my new analysis of DELL on the 4-hour timeframe perspective. DELL has already emerged with strong bullish upthrusts, recently bouncing in the range. Now, I have detected further signs that have the potential to convert into a profitable trading opportunity with DELL. When looking at my chart, we can see how DELL is forming this massive bull-flag formation. Within this formation, DELL bounced off several supports. The ascending trendline, the 100-EMA in blue, and the 50-EMA in grey are holding the trend to the upside. From here on, DELL is already penetrating the upper boundary of the formation, primed for a final breakout. Once DELL breaks out above the upper boundary, it will activate the target zones as seen in my chart. When the bullish dynamic holds, DELL could establish a continued bullish paradigm even above the target zones. In this manner, thank you a lot for watching! The support is highly appreciated. VP