DELL's recent breakout is considered real and credible, with a potential price target of 550-600, though it may require time to run due to potential profit-taking.
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Here here are three for you, Amory. We've got Dell, Intel, and Rio. Rio is another copper miner. So, let's look at Dell really quickly and then um we'll talk about uh Riotinto. Okay.
I I do like them. So this is really breaking out hard. My thought is look at how many weeks it sat here. So I believe this breakout is real. And so if you want to give it a little time and say, "All right, where where is it headed?" you know 550 to 600 is entirely likely.
The question is how much time do you want to give it and how do you want to trade that and so for me these are old for me I am going to look at this and go all right I I really think it needs time to run first of all because I I I suspect people are going to take a little profit before it moves again but I do believe this is a real move because it spent about 20 weeks in this in a sideways base and so it's it's got price action to the north sitting there.
Let's see where the traders are for October. They're sitting between 9 540 and 560. So if you took that butterfly, it's a buck 38. I like that. Again, you've got $2,000 to the upside, $138. Another asymmetric bet.
If you want to do a butterfly, if you're like, "Lady, just give me a spread." Then, you know, you go 540 to 560, you know, you're still going to get two and a halfx if it just goes to where the traders are.
um staring price action down. Now if you do that spread once again because we are sitting this is a nice base but look at how it formed. It wasn't up up down down up up down down.
It was up down up down up up down. And so this tells you there's a lot of slosh in there.
So if it runs into your 540 area, not a bad idea to go, you know what, I made 40%. If I could make 40% on every trade, I'd have my own private island.
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