Dell's recent price action was difficult and predatory for traders; the speaker is currently avoiding trading it.
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Do I think Dell will get over 500? Dell was really hard yesterday. I'll tell you, you know, nice candle in Dell. Really nice candle. But, you know, I know very good traders yesterday that lost a lot of money in Dell. That was very predatory.
Well, what do I mean? Well, first of all, let's see what Dell's doing today. It's down eight. Okay, so maybe it's buyable. Look at what Dell did yesterday. Like Dell had to abuse everybody who bought a dip.
They really did. Like Dell opened up. Dell went from 480 down down almost flat. Like a strong stock post earnings is not supposed to do that.
And then just decided, you know, after this, by the way, this is what you call a king and queens formation where you get a big down a big, you know, down candle matched by an up candle.
Then right there, you want to put a halfway mark. If it doesn't break that, that's your long verse the low here. But this was tough. If you just said, I'm buying Dell because it's going to had a great report.
It's going to make new highs. You got hurt. And then after that, if you're like, oh, I'm going to short a rally because it looked like it failed. You got hurt. So, I know guys, I lost long and lost short.
I didn't trade it. I was like, I I don't need that in my life right now. I'm not trading it.
But anyway, um it's down a little bit. But I would I would think if this is going to be any good and make it easier easier to hold probably doesn't break this 465ish. So right now Dell is uh it's only 4.
So yeah or 474 like hold 474 go sideways and then break above uh 497. It might you in it for options for you know for Friday. I don't know. All I know is that that was that was a tough trade yesterday.
What this channel has said about $DELL
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